A reinstatement clause is an insurance policy clause that states when coverage terms are reset after the insured files a claim.  ( 18 min )

How much it costs to have your car towed depends on whether you have auto insurance coverage, the right credit card, or a roadside assistance plan.  ( 19 min )

Eviction is the process by which a landlord can remove a tenant from a rental property. It typically involves court proceedings but governments offer some protections.  ( 25 min )

If you’re switching insurance providers, moving to another state, or selling the insured vehicle, here’s how to cancel your auto insurance policy.  ( 19 min )

Crisis management coverage is insurance coverage designed to help a business limit the negative impact of events on the business’s reputation.  ( 18 min )

Casino operator Wynn Resorts (WYNN) capitalized on a surge in tourism and retail spending at its resorts in Las Vegas and Macau that boosted the company's second-quarter earnings.  ( 17 min )

News this week that consumer prices in China fell 0.3% from the year before set off alarm bells because deflation can devastate economies.  ( 17 min )

Annual Renewable Term insurance is term life insurance with a guarantee of future insurability for a set period of years on a renewable basis.  ( 20 min )

In a reverse mortgage, a crossover loss occurs when the loan balance exceeds the property value at the time that the loan pays off.  ( 22 min )

Lina Khan is a key architect of an aggressive attempt by Washington to rein in tech giants. Amazon may be next.  ( 35 min )

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Beer, cannabis, and spirits come together as companies look to follow the consumer into the future.  ( 34 min )

The good news for retirement savers using 401(k) plans and similar workplace retirement accounts is that the improving stock market is raising account balances. The average 401(k) is up by an average of $7,250 – a gain of 9.6% – since the end of 2022, according to a Bank of America report. The report also […] The post Here’s How Much Americans’ 401(k) Balances Have Grown in 2023. Is Yours Keeping Pace? appeared first on SmartReads by SmartAsset.  ( 33 min )

Washington has laid the seeds of a crisis that Wall Street can no longer ignore.  ( 25 min )

The chief financial office’s move to step down is the latest example of high-level churn at the electric-vehicle company.  ( 27 min )

Investors are again pouring money into meme-focused cryptocurrency Shiba Inu (SHIB) in a sign of caution for bitcoin traders. Open interest in Binance's SHIB futures has more than doubled to $101.65 million this month, hitting the highest since Feb. 5, according to data source Coinglass. SHIB futures are sized at 1000 SHIB per contract with up to 25x leverage.  ( 30 min )

China’s share of U.S. imports hits a 20-year low, with Mexico and Canada becoming America’s top two trade partners.  ( 27 min )

AI hype drove huge gains among some tech stocks in the first half of 2023. Lately, that has gone into reverse.  ( 31 min )

Verschillende grote muziekmaatschappijen hebben de non-profitorganisatie Internet Archive aangeklaagd omdat die het auteursrecht zou hebben geschonden door duizenden oude muzieknummers en -opnames online te zetten.  ( 3 min )

Waar de prijzen in Nederland al een jaar omhoogschieten, was er in China in juli voor het eerst in meer dan twee jaar sprake van dalende prijzen. De angst voor die deflatie neemt toe. Waarom is dat een probleem?  ( 4 min )

De van fraude verdachte oprichter van de failliete cryptobeurs FTX, Sam Bankman-Fried, is opnieuw gearresteerd. Hij was op borgtocht vrij, maar een rechter heeft de borgtocht vervroegd ingetrokken.  ( 3 min )

Bij een vakantie in eigen land hoef je niet te vrezen voor kostbare terugvluchten of een hoge medische rekening. Daarom kun je denken dat een reisverzekering niet nodig is. Sluit je dan alleen nog een polis af voor je bagage?  ( 6 min )

Standard & Poor's (S&P) is globally known for its variety of investable, benchmark financial indices, along with its independent credit ratings.  ( 26 min )

Get to know the relationships that determine a bond's price and its payout.  ( 27 min )

Credit agencies gather debt information that is used to generate a score that indicates creditworthiness.  ( 21 min )

Retired securities have been repurchased by the issuer out of the company's retained earnings and canceled.  ( 19 min )

An administrative charge is charged by an insurer to cover expenses related to record keeping and/or other administrative costs.  ( 18 min )

Comprehensive insurance is car insurance that covers damage to your car from causes other than a collision. Learn about comprehensive insurance costs.  ( 24 min )

Today's best CD rate is 5.75%—available from either Andrews Federal Credit Union or Sun East Federal Credit Union—with three more CDs paying 5.65% and two offering 5.60%.  ( 19 min )

Global oil prices could keep heading higher, IEA says, though its forecast for slowing demand growth could provide some relief in 2024.  ( 18 min )

Associate in Insurance Services (AIS) is a designation earned by insurance professionals and conferred by The Institutes.  ( 18 min )

Former FTX CEO Sam Bankman-Fried had his bail revoked and was sent to jail ahead of his October criminal trial for alleged witness tampering.  ( 18 min )

The Consumer Price Index (CPI) measures change over time in the prices paid by consumers for a representative basket of goods and services.  ( 33 min )

U.S. equities were mixed, with the S&P 500 losing 0.1% on Friday, Aug. 11, 2023, after a higher-than-expected rise in producer prices.  ( 16 min )

Shares of Occidental Petroleum advanced after the U.S. Department of Energy chose the energy company to receive hundreds of millions of dollars in grants for a carbon capture project.  ( 17 min )

Inflation is a decrease in the purchasing power of money, reflected in a general increase in the prices of goods and services in an economy.  ( 38 min )

Reverse mortgages can provide income for retirement. Learn what can make you ineligible for one and what some of the alternatives are.  ( 22 min )

News Corp shares climbed after the company posted better-than-expected results on cost-cutting moves, and said artificial intelligence would help boost future results.  ( 18 min )

Small businesses can be nimble and innovative, but larger companies have name recognition, can raise capital, and have other advantages that are hard to beat.  ( 19 min )

Surplus lines insurance policies offer coverage for risks that regular insurance companies don’t want to take on.  ( 21 min )

Single-premium life insurance charges the policyholder just one lump-sum premium payment to guarantee the death benefit.  ( 21 min )

A shortage of homes for sale boosted housing values in June to a record $46.8 trillion, surpassing last year's previous all-time high of $46.6 trillion. In more affordable markets, the typical home still sells for below the national median of $426,056.  ( 18 min )

The SEC has announced they have delayed a decision on ARK Invest's bitcoin ETF application in an effort to gather more comments from the public.  ( 17 min )

Net premiums written is the sum of premiums written by an insurance company over time, minus premiums ceded to reinsurance, plus any reinsurance assumed.  ( 19 min )

A capital stock insurance company is an insurer that gets capital from stockholder contributions, in addition to other reserve or surplus accounts.  ( 19 min )

Flying in the U.S. is now 10% lower than pre-pandemic prices and air travel demand is up 12% from the same time last year.  ( 17 min )

Marginal propensity to consume (MPC) is how much more individuals will spend for each additional dollar earned. Here's how to calculate MPC.  ( 24 min )

Despite being followed so relentlessly, the consumer price index (CPI) has its limitations and is an imperfect measure of inflation and the cost of living.  ( 23 min )

The valuation period is the time period during which value is determined for variable investment options.  ( 21 min )

Here’s a look into the importance of microeconomics and how individuals use this theory in the case of leasing an apartment from a landlord.  ( 21 min )

Shares of Maxeon Solar Technologies plunged after the company reduced its outlook because of a decline in demand for solar products.  ( 17 min )

Markets were mixed at midday on Friday, Aug. 11, 2023 after the Labor Department's latest report on wholesale inflation showed producer prices rose more than expected last month.  ( 17 min )

KZT is an abbreviation for the Kazakhstan tenge (KZT), the currency of Kazakhstan.  ( 18 min )

Find out what real estate agents are likely to lie about, the reasons for the lies, and how to protect yourself from unscrupulous agents.  ( 20 min )

The University of Michigan's Consumer Sentiment Index fell 0.6% to 71.2 in August from 71.6 in July.  ( 18 min )

The Consumer Price Index For All Urban Consumers measures monthly change in U.S. consumer prices.  ( 23 min )

A flat dollar is a fixed dollar amount charged for transactions, as opposed to an amount based upon a percentage of the transaction.  ( 18 min )

Crypto trading platform Bittrex, that shuttered its U.S. operations earlier this year, will pay $24 million to settle SEC charges for running an unlicensed exchange, broker, and clearing agency.  ( 19 min )

Swiss megabank UBS has agreed to voluntarily end a $10 billion backstop used to cover potential losses from its merger with Credit Suisse.  ( 17 min )

The Family and Medical Leave Act is sparse and makes the U.S. one of the only countries that has no mandated form of paid leave for new parents.  ( 25 min )

Cano Health shares plummeted to an all-time low after the health care provider for seniors warned it may not be able to continue operations and is looking for a buyer as revenue sank and expenses rose.  ( 17 min )

Alphabet's Waymo and General Motor's Cruise received regulatory approval to expand their robotaxi services to offer driverless ride-hailing services 24/7 across San Francisco.  ( 17 min )

Archer Aviation will team up with Boeing for autonomous flying technology after ending litigation, as the startup prepares to grow with an FAA nod for test flights and another $215 million in funds from investors.  ( 18 min )

Mortgage rates dropped across every loan type except jumbo loans, with the 30-year average now down to a two-week low after dropping about a quarter point over the past week.  ( 20 min )

Price discrimination is the strategy of a business or seller charging different prices to different customers for the same product or service. There are three ways businesses can do it.  ( 23 min )

While a strong U.S. dollar benefits some, it negatively impacts others. These are the advantages and disadvantages of a strong U.S. dollar, and who gains and loses.  ( 22 min )

The factors of production are the resources used in creating and producing a good or service and are the building blocks of an economy. Learn why they're important.  ( 23 min )

Here is how the Shell Fuel Rewards Card works including where and how to apply, where it can be used, interest rates and fees charged, and the rewards and benefits involved.  ( 22 min )

Learn how the law of supply and demand affects prices, whether supply remains the same and demand increases or vice-versa, plus the exceptions to the rule.  ( 24 min )

The latest Producer Price Index tracking wholesale inflation is expected to show prices ticked higher for July, and Google and GM get authority to operate self-driving taxis in San Francisco. Here’s what investors need to know today.  ( 17 min )

Elasticity and Inelasticity of demand are the degrees to which demand changes in response to price changes, income levels, and substitution.  ( 24 min )

The costs of attending NYU—including paying NYU’s tuition bills—are above average, even for private universities. But research shows it's a wise investment.  ( 24 min )

A unit linked insurance plan (ULIP) is an investment product that provides insurance payout benefits.  ( 23 min )

The International Institute for Management Development is one of the top graduate business schools in the world, located in Lausanne, Switzerland.  ( 22 min )

As stocks sink into an August malaise, it’s time to think about what could go right for investors.  ( 26 min )

Shares of movie-theater chain sink late Friday as settlement clears plan to issue more shares, raise capital.  ( 25 min )

(Bloomberg) -- The World Bank arbitration court awarded $77 million to Exxon Mobil Corp. in a resubmitted claim worth $1.4 billion over the nationalization of Venezuela’s Cerro Negro and La Ceiba crude projects in 2007.Most Read from BloombergDavid Solomon Scrutiny Spreads From Goldman to Alma MaterMaui Now Looks a Lot Less Like ParadiseBankman-Fried in Custody After Bail Is Revoked Over LeaksJeff Bezos Buys $68 Million Home on Florida’s Exclusive Indian Creek IslandThe award is the result of a  ( 32 min )

10-year Treasury yields are rising faster than two-year yields for one of two reasons. Determining the right one will make all the difference.  ( 26 min )

Australia-listed investment firm GQG Partners added more shares of Nvidia Corp in the second quarter, ending June with $5.9 billion invested in the chipmaker, according to regulatory filings on Friday. Shares in Nvidia are up roughly 180% year to date and reached $1 trillion in market capitalization, amid excitement over advancements in artificial intelligence. In the beginning of June, Chief Investment Officer Rajiv Jain told Reuters he had been meaningfully increasing the firm's position in Nvidia, as he believed the stock had room for more gains.  ( 31 min )

NextEra Energy owns the largest renewables business in the U.S., and the biggest utility. The stock’s selloff offers an opportunity.  ( 26 min )

A long awaited plan to convert preferred equity units into AMC's common stock was approved in Delaware court, sending shares down in late trading Friday.  ( 26 min )

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Today's best CD rate is 5.75%—available from either Andrews Federal Credit Union or Sun East Federal Credit Union—with three more CDs paying 5.65% and two offering 5.60%.  ( 21 min )

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(Bloomberg) -- AMC Entertainment Holdings Inc. won court approval of a stock conversion plan that had spurred a shareholder lawsuit and cast a cloud over the movie theater chain’s efforts to secure new financing.Most Read from BloombergBiden Fears China Economy Is ‘Ticking Time Bomb’Jeff Bezos Buys $68 Million Home on Florida’s Exclusive Indian Creek IslandRetirees Face $17,400 Cut to Social Security Benefits in 2033Maui Now Looks a Lot Less Like ParadiseConsulting Firms Are Paying Undergrads $2  ( 33 min )

Global oil prices could keep heading higher, IEA says, though its forecast for slowing demand growth could provide some relief in 2024.  ( 19 min )

AMC Entertainment's revised stockholder settlement was approved by a Delaware judge on Friday, according to a court filing, three weeks after the judge rejected a related deal. Under the approved class action settlement, cinema operator AMC will provide stock worth an estimated $129 million to holders of its common stock to settle potential legal claims related to a stock conversion plan. The approved class settlement did not allow shareholders to opt out and binds them to the agreement.  ( 31 min )

WILMINGTON, Delaware (Reuters) -AMC Entertainment's revised stockholder settlement was approved by a Delaware judge on Friday, according to a court filing, three weeks after the judge rejected a related deal. Under the approved class action settlement, cinema operator AMC will provide stock worth an estimated $129 million to holders of its common stock to settle potential legal claims related to a stock conversion plan. The approved class settlement did not allow shareholders to opt out and binds them to the agreement.  ( 31 min )

Research shows that the amount of dopamine released in response to a reward is increased when the reward is unpredictable.  ( 33 min )

“Friday is increasingly winning out in the WFH stakes,” the WFH Research cofounder tells Fortune.  ( 32 min )

(Bloomberg) -- Deep within the underbelly of the options world lies a threat to the stock-market calm that’s prevailed all year. Most Read from BloombergMaui Now Looks a Lot Less Like ParadiseJeff Bezos Buys $68 Million Home on Florida’s Exclusive Indian Creek IslandBankman-Fried in Custody After Bail Is Revoked Over LeaksDavid Solomon Scrutiny Spreads From Goldman to Alma MaterWhile benchmark indexes just limped to one of their smallest weekly changes of 2023, intraday moves tell a different st  ( 34 min )

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The biggest question for the island’s companies—and broader economy— will be how long tourists might stay away.  ( 27 min )

A United Kingdom-based investment firm and seven entities of GKN Aerospace have asked the Missouri Supreme Court to dismiss them from a lawsuit that The Boeing Co. filed, arguing they are not subject to state law because they aren’t incorporated here.  ( 13 min )

Only eight companies in the S&P 500 have larger market values than Apple's outlay on share repurchases over the last decade.  ( 32 min )

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In 2023, US equities have wiped the floor relative to the government IOUs  ( 6 min )

Truist's shares slid earlier this week following Moody's decision to review the bank for a potential downgrade. But as of Friday, its stock had started to make a comeback.  ( 11 min )

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The weight-loss and diabetes injectables have seen a surge in demand primarily in the U.S., buoying Novo Nordisk’s profits in the first half of 2023.  ( 33 min )

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Stocks traded mixed Friday as investors continued to weigh the impact of inflation.  ( 31 min )

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Thursday, Boeing and Archer Aviation settled litigation. Boeing even took a stake in the flying car start-up. Archer shares surged initially but gave back some early gains.  ( 26 min )

Electric-vehicle makers Lucid Group and Rivian have similar market values. That doesn't make a lot of sense for European firm Exane BNP Paribas.  ( 26 min )

Central bank will continue shedding Treasuries at a time of significant US government borrowing  ( 6 min )

Cano Health shares plummeted to an all-time low after the health care provider for seniors warned it may not be able to continue operations and is looking for a buyer as revenue sank and expenses rose.  ( 17 min )

Comcast’s broadband network is crucial to the future of technology. Even so, its stock is cheap compared with buzzier names like Netflix, Nvidia, and Meta Platforms.  ( 26 min )

On Tuesday, Rivian Automotive Inc (NASDAQ: RIVN) posted its second quarter results. The Amazon.com Inc (NASDAQ: AMZN)-backed EV maker posted a narrower than expected loss while lifting its production guidance. Rivian shares initially went up nearly 3% after the report, but its stock has soared 80% over the past 90 days as it continues to enjoy growing demand for its electric pickup and sport utility vehicle despite raised borrowing cost. While its EV rivals burn cash to ramp up production and fo  ( 32 min )

Moves similar to blackjack tactics describe how cash-poor transportation startups are grasping for new capital. The post Cash-poor transportation startups gambling for fresh capital appeared first on FreightWaves.  ( 35 min )

It's always risky for an investor to buy or sell shares of a stock right before an earnings report because nobody can predict with 100% accuracy how a company will perform, nor is it possible to gauge how Wall Street will react to the news. When a company misses the earnings estimate, sometimes it gets shrugged off if the revenue beats the estimates. Other times the earnings may beat the estimates, but the revenue falls short of expectations and that precipitates a sell-off in share price. Anoth  ( 34 min )

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Customers in the proposed class action said HP concealed how its printers enter an "error state" when low on ink, disabling scanning and faxing functions that do not require ink, and forcing them to buy unnecessary, high-margin ink cartridges. U.S. District Judge Beth Labson Freeman in a decision on Thursday found sufficient allegations that HP knew about the defect, citing a message board post where a support agent told a customer that his printer "will not function" without ink.  ( 31 min )

Stocks traded mixed Friday as investors continued to weigh the impact of inflation.  ( 31 min )

For anyone in the market for a corporate jet, federal regulators have just the thing for you. The Federal Deposit Insurance Corp. is selling a “spectacular” corporate jet that can accommodate 13 passengers, complete with leather seatin  ( 23 min )

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(Reuters) -Chrysler parent Stellantis sharply criticized the demands of the United Auto Workers (UAW) union on Friday, saying they need "a focus on reality from everyone involved." Stellantis North America Chief Operating Officer Mark Stewart said in a letter to employees seen by Reuters the automaker is "committed to working with the UAW to reach an agreement based on economic realism." A UAW spokesman declined immediate comment on Stewart's letter, but earlier this week UAW President Shawn Fain called the Stellantis proposals "trash" and tossed a copy of them in a waste basket in live streamed remarks.  ( 31 min )

A financial advisor told me the pros of building a two-part bond ladder (three-year Treasurys and 10-year corporates) to generate fixed income and cover required minimum distributions (RMDs). What are the cons? -Ken When used in the right circumstances and … Continue reading → The post Ask an Advisor: I've Heard About the Benefits of a Bond Ladder Strategy. What Are the Downsides? appeared first on SmartAsset Blog.  ( 32 min )

I am 65 and at the absolute peak of my earnings. I'm also in the 35% tax bracket and am not looking to retire soon. I need $30,000 for a home project. I have enough to take it out of … Continue reading → The post Ask An Advisor: I'm 65, Earning at My ‘Absolute Peak' and Won't Retire Soon. Should I Use My Roth IRA for a $30K Home Improvement Project? appeared first on SmartAsset Blog.  ( 34 min )

Twilio upgraded, Sealed Air downgraded: Wall Street's top analyst calls  ( 34 min )

Stock futures traded lower Friday, as investors continued to weigh the impact of inflation.  ( 31 min )

The Detroit Big Three car companies are in talks with the UAW over a contract deal that would replace one that expires in September.  ( 27 min )

Wedbush analyst Daniel Ives, a longtime tech bull, sticks with his call for a 12% to 15% gain in the Nasdaq, despite a recent dip in performance.  ( 26 min )

American investors shouldn't be surprised by Anheuser-Busch InBev's strong second quarter. They need to look beyond the U.S. boycott of Bud Light.  ( 26 min )

Citi analysts downgrade the company's shares to Neutral from Buy, citing many challenges for the primary-care provider.  ( 26 min )

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Stock futures traded lower Friday, as investors continued to weigh the impact of inflation.  ( 31 min )

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Bitcoin briefly rose above US$30,000 twice this week, but failed to remain the support level despite positive catalysts in the industry like the launch of PayPal’s new stablecoin. Bitcoin will have to close the week above US$29,300 for upward momentum, industry experts told Forkast.  ( 33 min )

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A #KansasCity executive with a familiar name will lead #AMCTheatres marketing efforts.  ( 10 min )

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The latest Producer Price Index tracking wholesale inflation is expected to show prices ticked higher for July, and Google and GM get authority to operate self-driving taxis in San Francisco. Here’s what investors need to know today.  ( 17 min )

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Stock futures wavered around the flatline on Friday, as markets waited for fresh inflation data to provide insight into the Fed's next move.  ( 32 min )

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While investors may be cheering a benign report, there are signs that the volatile energy components are inflecting again.  ( 32 min )

Retirees open up about their financial lives and how they spend their time and money.  ( 23 min )

(Bloomberg) -- Alphabet Inc. is facing a new and, by most accounts, welcome problem — how to spend its rapidly expanding pile of cash. Most Read from BloombergRetirees Face $17,400 Cut to Social Security Benefits in 2033Maui Fires Show Climate Change’s Ugly ReachBiden Fears China Is ‘Ticking Time Bomb' Posing Danger to WorldFirst American City to Tame Inflation Owes Its Success to Affordable HousingEcuador Presidential Candidate Assassinated, Suspect Shot DeadThe Google owner generated nearly $2  ( 33 min )

The California Public Utilities Commission voted to allow GM's Cruise and Google's Waymo to offer paid rides in driverless vehicles across the city at all hours of the day with an unlimited number of vehicles.  ( 26 min )

U.S. stock futures edged lower Friday as investors continued to digest July’s CPI data, while looking ahead to wholesale price inflation data Friday. Dow Jones Industrial Average futures fell 30 points, or 0.1%, S&P 500 futures were down 0.2% and Nasdaq 100 futures declined 0.3%. All three indexes  ( 13 min )

The Swiss bank says it no longer needs a $10 billion backstop or liquidity lines.  ( 27 min )

(Bloomberg) -- Investors piled into cash and bonds while pulling money out of the US stock market in recent days, according to Bank of America Corp. strategists.Most Read from BloombergRetirees Face $17,400 Cut to Social Security Benefits in 2033Maui Fires Show Climate Change’s Ugly ReachFirst American City to Tame Inflation Owes Its Success to Affordable HousingBiden Fears China Is ‘Ticking Time Bomb' Posing Danger to WorldEcuador Presidential Candidate Assassinated, Suspect Shot DeadCash funds  ( 31 min )

(Bloomberg) -- Declines for Chinese technology companies weighed on Asian equities while US futures edged higher and the dollar clung to a Thursday rally.Most Read from BloombergRetirees Face $17,400 Cut to Social Security Benefits in 2033Maui Fires Show Climate Change’s Ugly ReachFirst American City to Tame Inflation Owes Its Success to Affordable HousingEcuador Presidential Candidate Assassinated, Suspect Shot DeadDave Portnoy Paid Just $1 to Buy Barstool Sports BackMainland China and Hong Kon  ( 33 min )

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"When [Fed] reserves have been declining by more than $38 billion over the past four weeks, stocks have struggled," Ned Davis Research said.  ( 31 min )

(Reuters) -Gold prices held near one-month lows on Friday, shrugging off cooler-than-expected U.S. inflation figures for last month, with bullion staying on course to wrap up its worst week in seven as the U.S. dollar and bond yields stood strong. Spot gold edged 0.1% higher to $1,913.95 per ounce by 0347 GMT, but traded near its lowest level since July 7 touched earlier in the day. Gold gained as much as 0.8% on Thursday after data showed the U.S. consumer price index (CPI) climbed 3.2% on an annual basis, but was less than the Reuters poll forecast of 3.3%, raising bets that the U.S. central bank will unlikely hike interest rates again in 2023.  ( 31 min )

Who doesn’t love a bargain? Buying quality for a low price is one of the thrills of the market system – and that applies to stock markets as well. The trick is knowing which rock-bottom stocks are the right ones to buy. Plenty of stocks are priced low, and bargain-hunting investors need to find the ones whose fundamentals are sound. The sheer volume of stocks, and the reams of data they produce, makes that difficult – but Wall Street analysts make their living by taking deep dives behind the sce  ( 34 min )

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Russia's currency has plunged to its lowest level against the dollar since the Ukraine invasion, blowing past the Kremlin's "comfort zone."  ( 31 min )

Global oil prices could keep heading higher, IEA says, though its forecast for slowing demand growth could provide some relief in 2024.  ( 1 min )

U.S. equities were mixed, with the S&P 500 losing 0.1% on Friday, Aug. 11, 2023, after a higher-than-expected rise in producer prices.  ( 1 min )

Markets were mixed at midday on Friday, Aug. 11, 2023 after the Labor Department's latest report on wholesale inflation showed producer prices rose more than expected last month.  ( 1 min )

The latest Producer Price Index tracking wholesale inflation is expected to show prices ticked higher for July, and Google and GM get authority to operate self-driving taxis in San Francisco. Here’s what investors need to know today.  ( 1 min )

Shares of Occidental Petroleum advanced after the U.S. Department of Energy chose the energy company to receive hundreds of millions of dollars in grants for a carbon capture project.  ( 1 min )

Alphabet's Waymo and General Motor's Cruise received regulatory approval to expand their robotaxi services to offer driverless ride-hailing services 24/7 across San Francisco.  ( 1 min )

Archer Aviation will team up with Boeing for autonomous flying technology after ending litigation, as the startup prepares to grow with an FAA nod for test flights and another $215 million in funds from investors.  ( 1 min )

Swiss megabank UBS has agreed to voluntarily end a $10 billion backstop used to cover potential losses from its merger with Credit Suisse.  ( 1 min )

Cano Health shares plummeted to an all-time low after the health care provider for seniors warned it may not be able to continue operations and is looking for a buyer as revenue sank and expenses rose.  ( 1 min )

Het aantal schuldzaken tegen discounter Big Bazar neemt toe. Directeur Joost Konings van Invorderingsbedrijf Amsterdam meldt dat er inmiddels tien lopende dossiers in behandeling zijn. De totale vorderingen tegen Big Bazar gaan richting de 430.000 euro.  ( 3 min )

Drankenproducent Bacardi staat op een Oekraïense lijst van zogenoemde oorlogssponsors, waarmee Oekraïners aandacht vragen voor bedrijven die zakendoen in Rusland. Het agentschap achter de lijst stelt dat Bacardi misbruik maakt van het vertrek van concurrenten.  ( 3 min )

Rusland heeft afgelopen maand meer verdiend met de export van olie doordat Moskou de prijzen heeft verhoogd.  ( 3 min )

De economie van het Verenigd Koninkrijk is het afgelopen kwartaal onverwachts 0,2 procent gegroeid. Het is de grootste groei in meer dan een jaar.  ( 3 min )

De economie van het Verenigd Koninkrijk groeide onverwachts 0,2 procent in het afgelopen kwartaal, laat het nationale Britse statistiekbureau weten. Dat is de grootste groei in meer dan een jaar.  ( 3 min )

Het Nederlandse internetknooppunt AMS IX heeft het stroomverbruik van een van de datacenters met 85 procent weten te verlagen. Voorheen verbruikte de locatie evenveel stroom als 185 huishoudens. Dankzij nieuwe apparatuur is dat nu evenveel als 29 woningen.  ( 3 min )

Het Nederlandse internetknooppunt AMS IX heeft het stroomverbruik van een van de datacenters met 85 procent weten te verlagen. Voorheen verbruikte de locatie evenveel stroom als 185 huishoudens. Dankzij nieuwe apparatuur is dat nu evenveel als 29 woningen.  ( 4 min )

De Volksbank, het moederbedrijf van de ASN Bank, RegioBank en SNS, kan een boete van De Nederlandsche Bank verwachten omdat ze niet genoeg doet om witwassen en financiering van terrorisme tegen te gaan.  ( 4 min )

Eigenaar Elon Musk wil van Twitter (inmiddels bekend als X) een allesapp gaan maken. Daarom kunnen gebruikers binnenkort videobellen en geld naar elkaar overmaken.  ( 4 min )

Het aantal faillissementen is in juli afgenomen, nadat het aantal zaken dat over de kop ging in de drie maanden daarvoor alleen maar was gestegen.  ( 3 min )

De Volksbank, het moederbedrijf van de ASN Bank, RegioBank en SNS, kan een boete van De Nederlandsche Bank verwachten omdat ze niet genoeg doet om witwassen en financiering van terrorisme tegen te gaan.  ( 3 min )

Het aantal faillissementen is in juli afgenomen, nadat het aantal zaken dat over de kop ging de afgelopen drie maanden alleen maar steeg. Dat meldt statistiekbureau CBS.  ( 3 min )

Sparen bij grote Nederlandse banken is nog lang geen vetpot. Rentes kruipen omhoog, terwijl die banken megawinsten boeken. Meer rente ontvangen kan, maar daarvoor moet je wel uit je comfortzone stappen.  ( 4 min )

Sparen bij grote Nederlandse banken is nog lang geen vetpot. Rentes kruipen omhoog, terwijl die banken megawinsten boeken. Meer rente ontvangen kan, maar daarvoor moet je wel uit je comfortzone stappen.  ( 4 min )

Sparen bij grote Nederlandse banken is nog lang geen vetpot. Rentes kruipen omhoog, terwijl die banken megawinsten boeken. Meer rente ontvangen kan, maar daarvoor moet je wel uit je comfortzone stappen.  ( 4 min )

The cooperation clause in an insurance contract requires the policyholder to assist the insurer in the event a claim is filed against the policy.  ( 20 min )

Real estate agents are a resource when searching for a rental property and may provide negotiating power when signing a lease.  ( 21 min )

Gary S. Becker was an American economist who won the 1992 Nobel Prize for his microeconomic analysis of the economic aspects of human decision-making.  ( 19 min )

Six tips can help you find the apartment that meets your needs at the best price.  ( 20 min )

Parent PLUS loans allow parents to borrow money to help pay for their children’s education. Here’s everything you need to know to apply.  ( 20 min )

The Supreme Court will decide whether the Sackler family, and the pharmaceutical company they own, Purdue Pharma, will be allowed to pay $6 billion to avoid future liability for their role in causing the opioid crisis.  ( 16 min )

When replacing a life insurance policy, a lot can go wrong for the consumer. Find out how life insurance replacements are regulated by the states.  ( 21 min )

The S&P 500 was little changed with a small gain of 0.03% on Thursday, Aug. 10, 2023 after a report on consumer prices showed inflation rose less than expected last month.  ( 17 min )

Increasing costs, faltering subscriber growth, inflation, and reduced revenue per membership figures all contribute to subscription price hikes.  ( 21 min )

A consequential loss is an insurance term for an income hit caused by a business's inability to use damaged property or equipment as usual.  ( 21 min )

Global rice prices hit a 12-year high in July, the United Nations' Food and Agriculture Organization (FAO) said in a report, which could exacerbate global food insecurity.  ( 18 min )

Today's three best CD rates available nationwide are 5.75% from Andrews Federal Credit Union, 5.65% from Dow Credit Union, and 5.60% from Northern Bank Direct.  ( 19 min )

General Motors shares dipped as the carmaker once again warned that production of its electric vehicle lineup is being slowed by issues assembling updated battery modules.  ( 16 min )

Shares of Ralph Lauren lost ground after the fashion clothing company warned American consumers are cutting back on discretionary spending.  ( 17 min )

A debt security is a debt instrument that has its basic terms, such as its notional amount, interest rate, and maturity date, set out in its contract.  ( 23 min )

Maryland, New Jersey, Delaware led the nation in foreclosure filings in July.  ( 18 min )

Recessions are a persistent downturn in economic activity. Here we look at the causes and effects of major U.S. recessions since the Great Depression.  ( 32 min )

The Fed views the Producer Price Index as a forerunner of consumer inflation. Rising prices at the production level are typically passed on to consumers at the retail level on a time lag.  ( 18 min )

Return on policyholder surplus is the ratio of an insurance company’s net income to its policyholder surplus.  ( 19 min )

Developed to net premiums earned is the ratio of developed premiums to net premiums earned over a given time period.  ( 19 min )

Throwing some burgers and hot dogs on the grill in July put a bigger dent in your budget than it did the month before, while prices for some other foods have gone down.  ( 18 min )

Amid surging prices and higher loan rates, paying for a new car costs more than ever—and owning a home and a new car now eats almost half of the typical American's budget.  ( 20 min )

Bare walls coverage is a type of insurance coverage that applies to communally used features in residential multi-family buildings.  ( 18 min )

As you age, saving and investing become higher priorities. Read about finding the best financial professional for your current stage in life.  ( 25 min )

The Samuel Curtis Johnson Graduate School of Management is a graduate business school based at Cornell University in Ithaca, New York.  ( 20 min )

A valuation clause is a provision in an insurance policy specifying the amount the policyholder will receive if a covered hazard event occurs.  ( 23 min )

Bond rating agencies are companies that assess the creditworthiness of both debt securities and their issuers. Discover more about them here.  ( 25 min )

Shares of AppLovin (APP) jumped as the artificial intelligence (AI)-based mobile marketing platform reported better-than-expected results amid soaring demand for all things AI.  ( 16 min )

U.S. equities gained at midday on Thursday, Aug. 10, 2023 after the Labor Department reported consumer prices increased less than expected in July.  ( 16 min )

Novo Nordisk raised its outlook as revenue from its popular weight-loss treatment, Wegovy, skyrocketed.  ( 17 min )

Bank of America offers many personal financial products, including savings accounts. See if Bank of America’s rates are attractive enough for your deposit.  ( 21 min )

Barclays offers a competitive APY on its single savings account, which is light on restrictions and fees. Learn more about Barclays Online Savings Account to see if it’s right for you.  ( 20 min )

Chase Bank offers two savings accounts to its customers with below-average interest rates, but the bank has other financial services worth considering.  ( 19 min )

Bernie Sanders did not become the Democratic presidential nominee for 2020, but his economic plan still raises many important points and addresses ongoing issues.  ( 32 min )

Ad-free Disney+ subscription price to increase roughly 27% to $14 a month, following the company's loss of millions of streaming subscribers.  ( 17 min )

Capri's shares rose in premarket trading on Thursday as fashion conglomerate Tapestry announced a $8.5 billion acquisition deal that will bring six luxury brands under one company.  ( 17 min )

Rent-to-own policies can help you afford a car if you have poor or no credit. Learn how the process works, how your credit plays a role, and about other options.  ( 24 min )

Synthetic biotechnology company Amyris filed for Chapter 11 bankruptcy protection as it restructures, leading its share price to drop more than 70% in early trading Thursday.  ( 16 min )

Rates on 30-year mortgages climbed slightly, ending a three-day slide that had lowered the average almost a quarter percentage point. All other averages were up or held steady.  ( 20 min )

Inflation is continuing to cool down, though you might not think it from the 12-month inflation rate.  ( 18 min )

Rates on 30-year mortgages have sunk almost a quarter percentage point over the past three days, with the averages on almost every other loan type dropping as well.  ( 21 min )

Contempt of court is an act of disrespect or disobedience toward a court or interference with its orderly process.  ( 23 min )

In prior years, those applying to an MBA program had to take the GMAT exam. Today, a growing number of universities accept the GRE as well.  ( 25 min )

Money market accounts have some similarities and differences when compared with money market funds. Learn more about how the two accounts compare.  ( 25 min )

A currency or forex trading platform is a type of trading platform used to help currency traders with forex trading analysis and trade execution.  ( 22 min )

When deciding whether to get a degree abroad, research and talk to alumni who have completed the same program.  ( 21 min )

Bayes' theorem is a mathematical formula for determining conditional probability of an event. Learn how to calculate Bayes' theorem and see examples.  ( 26 min )

Alibaba Group Holdings Ltd. delivered serious gains in the quarter ended June 30, with income from operations up 70% year-over-year, sending its stock up nearly 7% this morning.  ( 17 min )

This $900 billion COVID-19 stimulus bill included $600 direct individual payments, $300/week unemployment benefits, and more. See how it compares to other legislation.  ( 28 min )

Walt Disney and Co. lost about 12 million Disney+ streaming subscribers, took a big hit due to restructuring costs, and missed revenue projections, but its third-quarter earnings per share beat analysts' expectations.  ( 19 min )

Inflation is expected to move higher in July and Disney shares are rising after it announced it would lift prices for its streaming services. Here’s what investors need to know today.  ( 18 min )

With home prices and borrowing costs increasingly out of reach, the ranks of renters continues to grow in NYC, the country's biggest rental city.  ( 18 min )

Discover the consumer discretionary sector, industries within this sector and companies producing goods that fall under the consumer discretionary definition.  ( 21 min )

A recession, or a decline in economic activity lasting several months, is usually caused by events such as a financial crisis or supply chain disruption. Learn more.  ( 27 min )

Improve your financial advisory business by building a client base of people who share similar priorities, values, and long-term goals.  ( 22 min )

The term “unauthorized insurer” refers to a fraudulent business that is posing as a legitimate insurance company.  ( 18 min )

The law of supply in economics states that as the price of a good or service increases, the quantity of goods or services increases and vice versa. Learn more.  ( 26 min )

The Carmack Amendment amends the Interstate Commerce Act of 1877 and limits the liabilities of carriers to loss or damage of the property itself.  ( 19 min )

Business school can have a lasting impact on your career, but is an MBA right for you? Learn what to consider before deciding to go back to school.  ( 23 min )

Kenneth I. Chenault is a former chair and CEO of American Express  ( 21 min )

Understanding the differences between insurance, excess insurance, and reinsurance might help you avoid being overinsured or underinsured.  ( 21 min )

An affidavit of title is a document provided by the seller of real estate showing the status of the property, including ownership and legal issues.  ( 23 min )

Increasing costs, faltering subscriber growth, inflation, and reduced revenue per membership figures all contribute to subscription price hikes.  ( 1 min )

Synthetic biotechnology company Amyris filed for Chapter 11 bankruptcy protection as it restructures, leading its share price to drop more than 70% in early trading Thursday.  ( 1 min )

Ad-free Disney+ subscription price to increase roughly 27% to $14 a month, following the company's loss of millions of streaming subscribers.  ( 1 min )

General Motors shares dipped as the carmaker once again warned that production of its electric vehicle lineup is being slowed by issues assembling updated battery modules.  ( 1 min )

Capri's shares rose in premarket trading on Thursday as fashion conglomerate Tapestry announced a $8.5 billion acquisition deal that will bring six luxury brands under one company.  ( 1 min )

The Supreme Court dealt a setback to video game publisher Epic in its battle against Apple over how the iPhone giant treats developers that sell programs on the App store.  ( 1 min )

Electric vehicle (EV) maker Rivian Automotive keeps losing money on every vehicle it makes, but losses have narrowed and the company expects profitability by the end of 2024.  ( 1 min )

"There's no rule that everybody has to win," the CEO of Ouster said as the company reported its second-quarter results.  ( 26 min )

The latest luxury fashion M&A deal drew a mixed response from pros on Wall Street and in the industry.  ( 33 min )

New- and used-car prices fell in July, easing some pain for U.S. consumers. Yet prices for insurance, repair, and other services continued to march higher.  ( 26 min )

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Today's three best CD rates available nationwide are 5.75% from Andrews Federal Credit Union, 5.65% from Dow Credit Union, and 5.60% from Northern Bank Direct.  ( 20 min )

StoneX's Vincent Deluard sees investors swapping stocks for bonds, reluctant sellers eventually listing their homes, and the economic rebound fading.  ( 31 min )

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General Motors shares dipped as the carmaker once again warned that production of its electric vehicle lineup is being slowed by issues assembling updated battery modules.  ( 16 min )

Stocks rose Thursday as the July US inflation report showed prices increased more than in June.  ( 32 min )

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GE pulled back to a historically bullish trendline on the charts  ( 31 min )

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Stocks rose Thursday as the July US inflation report showed prices increased more than in June.  ( 32 min )

China's property sector is teetering on another Evergrande moment, as a developer with almost $200 billion of debt is in deep trouble.  ( 34 min )

Forward Air announced Thursday it will merge with asset-light logistics peer Omni Logistics. The post Forward Air merges with Omni Logistics, will target expedited LTL appeared first on FreightWaves.  ( 33 min )

Linda Yaccarino, CEO of the former Twitter, says she has the authority to run Elon Musk's social-media company. Investors see Musk spending more time and attention to Tesla.  ( 26 min )

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Shares of WeWork, the distressed co-working space provider, soared 67% in recent trading. It's not the first time this month shares of a troubled company are soaring for no obvious reason. Companies from Tupperware to Yellow have jumped out of the blue in recent weeks. In case you missed the memo—  ( 21 min )

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Synthetic biotechnology company Amyris filed for Chapter 11 bankruptcy protection as it restructures, leading its share price to drop more than 70% in early trading Thursday.  ( 18 min )

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Campbell Soup CEO Mark Clouse addresses one big social media concern about his $2.7 billion deal for pasta sauce maker Rao's.  ( 32 min )

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Alibaba Group Holdings Ltd. delivered serious gains in the quarter ended June 30, with income from operations up 70% year-over-year, sending its stock up nearly 7% this morning.  ( 17 min )

PayPal's stablecoin stands out because it's not just "more crypto for crypto," one expert wrote in CoinDesk.  ( 12 min )

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Penn downgraded, Roblox upgraded: Wall Street's top analyst calls  ( 33 min )

The auto industry is changing in a multitude of ways. Electric powertrains are challenging the traditional combustion engine, and other technologies, such as mobile wireless connectivity and artificial intelligence, are bringing a sea change to the way we drive. New opportunities are opening for investors in these emerging technologies. These aren’t going to be risk-free choices – remember how many car companies popped up in the 1920s and ‘30s before Detroit stabilized with the Big Three – so th  ( 34 min )

Federal Reserve policymakers are unlikely to raise interest rates again in 2023 and will probably start cutting them early next year, traders bet on Thursday, after a U.S. government report showed consumer prices rose only moderately last month. Traders of futures tied to the Fed's policy rate now see less than a 10% chance that the U.S. central bank will increase its benchmark overnight interest rate from its current 5.25%-5.50% range at a Sept. 19-20 policy meeting. They had seen about a 14% chance of a rate hike next month before the Labor Department report showed the July consumer price index (CPI) rose 3.2% from a year ago, following a 3% year-over-year increase in June.  ( 30 min )

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Stocks rose Thursday as the July US inflation report showed prices increased more than in June.  ( 31 min )

If you're planning on making tax-deferred retirement accounts the last pot of money you tap after retirement, you've got a lot of company. And why not? The idea that your 401(k) or traditional IRA can keep growing and churning out … Continue reading → The post Want to Minimize Retirement Taxes? Don't Follow This Popular Strategy appeared first on SmartAsset Blog.  ( 32 min )

Wealth managers help set and reach goals for financial needs. Here's a breakdown of wealth management services and examples of when you will need them.  ( 32 min )

Acclaimed Hollywood A-lister Ryan Reynolds has proven himself to be more than just an entertainer, delving into the world of investments with remarkable success. Despite his humble admission of not being an investing wizard, Reynolds has accumulated millions of dollars through well-timed business bets in recent years. In a recent appearance on CNBC’s "Squawk Box", Reynolds discussed his latest investment venture: Canadian financial technology (fintech) company Nuvei. See more on startup investin  ( 32 min )

If you're approaching retirement age, you have a lot to think about. Focusing on limiting your tax liability can be especially valuable. After all, the more taxes you pay in retirement, the less money you'll have to live off. If … Continue reading → The post 5 Ways to Reduce Tax Liability in Retirement appeared first on SmartAsset Blog.  ( 33 min )

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Wilko, the high street discount chain, has plunged into administration, putting 12,000 jobs at risk after it failed to secure a rescue deal.  ( 44 min )

Stock futures rose Thursday as the July US inflation report showed prices increased more than in June, crucial to the Federal Reserve's decision making about when to pull back on hiking interest rates.  ( 31 min )

If the SEC needs more time to assess the practicality of the surveillance-sharing agreements, then the bitcoin price may correct initially in mid-September, and would be the “dip to buy,” the report said.  ( 31 min )

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July CPI is a key factor in the Federal Reserve's decision on whether to hike interest rates next month.  ( 30 min )

(Bloomberg) -- Global oil markets are on track for a sharp supply deficit of more than 2 million barrels a day this quarter as Saudi Arabia slashes production, OPEC data indicate.Most Read from BloombergRetirees Face $17,400 Cut to Social Security Benefits in 2033Ecuador Presidential Candidate Assassinated, Suspect Shot DeadFirst American City to Tame Inflation Owes Its Success to Affordable HousingEveryone Wants to Work at UPS After Teamsters DealOnce Asia's Richest Woman, China Property Tycoon  ( 32 min )

Hoffman was named CEO at the end of 2021.  ( 31 min )

The hydrogen technology company posted a second-quarter loss of 40 cents a share. Wall Street was looking for a 27-cent loss. But its likely another factor that's driving the shares lower.  ( 26 min )

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Banking sector CEOs have been among the pushiest when it comes to ending hybrid work. But new data shows two-thirds of their top level execs would likely resign if they were forced to return to the office.  ( 31 min )

Virgin Galactic stock is rising ahead of the company's second commercial flight, slated for August 10. The Livestream of the event starts at 11 a.m. Eastern time.  ( 26 min )

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A big deal in the luxury goods space.  ( 31 min )

The Chinese EV market is maturing. As it does, investors will be looking for earnings when they evaluate shares.  ( 26 min )

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Applovin guides for third-quarter sales of $780 million to $800 million, higher than analysts' expectations.  ( 26 min )

(Bloomberg) -- Alibaba Group Holding Ltd.’s revenue beat expectations after its core e-commerce arm returned to growth, a big step for a national icon trying to revive its business in a volatile economy.Most Read from BloombergEcuador Presidential Candidate Assassinated, Suspect Shot DeadRetirees Face $17,400 Cut to Social Security Benefits in 2033First American City to Tame Inflation Owes Its Success to Affordable HousingEveryone Wants to Work at UPS After Teamsters DealOnce Asia's Richest Woma  ( 32 min )

Stock futures rose Thursday ahead of the release of the July US inflation report, crucial to the Federal Reserve's decision making about when to pull back on hiking interest rates.  ( 31 min )

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China's Alibaba Group Holding reported first-quarter revenue on Thursday that beat analysts' estimates as consumer sentiment bounced back from the same time a year earlier when there were strict pandemic-related lockdowns. The company posted revenue of 234.16 billion yuan ($32.29 billion) in the quarter, compared with analysts' estimates of 224.92 billion yuan, according to Refinitiv data. (1 Chinese yuan renminbi = $0.1387)  ( 30 min )

CEO Bob Iger said on the company's earnings call that it is considering strategic options for its linear TV channels.  ( 26 min )

(Bloomberg) -- Novo Nordisk A/S said the supply of its blockbuster obesity medicine Wegovy will continue to be restricted in the US as the drugmaker struggles to expand production. Most Read from BloombergEcuador Presidential Candidate Assassinated, Suspect Shot DeadRetirees Face $17,400 Cut to Social Security Benefits in 2033First American City to Tame Inflation Owes Its Success to Affordable HousingEveryone Wants to Work at UPS After Teamsters DealOnce Asia's Richest Woman, China Property Tyco  ( 32 min )

Walt Disney trades higher after the entertainment giant says it will be raising prices for its streaming services, a report says Tapestry is in talks to acquire Capri, the parent company of Michael Kors, Jimmy Choo and Versace, and Applovin stock surges after the software company swings to a second-quarter profit.  ( 27 min )

The European Central Bank is on the back foot again and this time the bad news doesn't come from Greece, Italy or any of the usual suspects in the bloc's poorer south. The club's biggest member and supposed powerhouse, Germany, has been hit by a toxic mix of weak trading with key partner China, a slump in its large manufacturing and construction sectors and even some existential questions about a business model predicated on cheap fuel from Russia. Trouble in Germany is hobbling growth in the euro zone as a whole and threatening to push it into a recession, rather than the "soft landing" of moderate growth and inflation that the ECB had pencilled in and the United States is still hopeful of achieving.  ( 32 min )

(Bloomberg) -- It could take just a 1% move in the S&P 500 — up or down — every day for a week for the rally in US stocks to come under significant pressure.Most Read from BloombergEcuador Presidential Candidate Assassinated, Suspect Shot DeadRetirees Face $17,400 Cut to Social Security Benefits in 2033First American City to Tame Inflation Owes Its Success to Affordable HousingEveryone Wants to Work at UPS After Teamsters DealOnce Asia's Richest Woman, China Property Tycoon Loses More Wealth Tha  ( 32 min )

(Bloomberg) -- Equity markets in Asia fluctuated Thursday following a tech-led sell-off on Wall Street as investors await US monthly inflation data that will help shape the outlook for the Federal Reserve’s next steps.Most Read from BloombergEcuador Presidential Candidate Assassinated, Suspect Shot DeadFirst American City to Tame Inflation Owes Its Success to Affordable HousingRetirees Face $17,400 Cut to Social Security Benefits in 2033Everyone Wants to Work at UPS After Teamsters DealTycoon Wh  ( 33 min )

Danish drugmaker Novo Nordisk on Thursday raised its full-year profit and sales forecast for a second time, but said it would continue to restrict U.S. supplies of starter doses of its hugely popular Wegovy weight-loss drug. Novo Nordisk, Europe's second most-valuable listed company after LVMH, is riding on a wave of sky-high demand for its highly effective diabetes and weight-loss drugs Ozempic and Wegovy, which has sent its earnings and shares to record highs this year.  ( 31 min )

The Reserve Bank of India (RBI) on Thursday asked banks to set aside a larger part of incremental deposits under cash reserve ratio (CRR) to tighten liquidity in the near term. Banks shall maintain an incremental CRR of 10% on increase in deposits between May 19 and July 28, with effect from the fortnight starting Aug. 12, RBI Governor Shaktikanta Das said in his monetary policy announcement. Das however added that the measure was temporary to absorb liquidity generated by a return of high denomination notes, a move that was announced by the RBI in mid-May.  ( 30 min )

It still makes sense for long-term investors to own REITs with solid balance sheets in good real estate sectors, such as Kimco Realty, BXP, and VICI Properties.  ( 26 min )

Holders of odd lots under 100 shares should come out ahead after J&J splits off its Kenvue unit.  ( 26 min )

(Bloomberg) -- A monthly report on US consumer prices due Thursday is set to show a second straight reading for so-called core inflation that is consistent with the Federal Reserve’s 2% target on an annualized basis, according to Bloomberg Economics.Most Read from BloombergEcuador Presidential Candidate Assassinated, Suspect Shot DeadFirst American City to Tame Inflation Owes Its Success to Affordable HousingRetirees Face $17,400 Cut to Social Security Benefits in 2033Everyone Wants to Work at U  ( 30 min )

The deal would be one of the biggest fashion tie-ups in recent years.  ( 28 min )

Amyris said it has secured a $190 million financing commitment to support day-to-day operations, adding that its entities outside the U.S. are not included in the bankruptcy proceedings. In a filing with the Delaware bankruptcy court, the company listed estimated assets in the range of $500 million to $1 billion and liabilities in the range of $1 billon to $10 billion. "Restructuring is intended to improve the Company's cost structure, capital structure, and liquidity position while streamlining Amyris' business portfolio to focus on its core competencies in R&D...," the company said.  ( 31 min )

(Bloomberg) -- Alibaba Group Holding Ltd.’s options are flashing positive signs ahead of the Chinese tech company’s June quarter results.Most Read from BloombergFirst American City to Tame Inflation Owes Its Success to Affordable HousingEveryone Wants to Work at UPS After Teamsters DealRetirees Face $17,400 Cut to Social Security Benefits in 2033Ecuador Presidential Candidate Villavicencio AssassinatedStock Traders Shun Risk in Run-Up to Key CPI Test: Markets WrapAs of Tuesday’s close, a bullish  ( 31 min )

The strong year-to-date gains in the stock market are impossible to deny, but August’s losses serve as a reminder that investors need to have a cautionary plan for tougher times. Furthermore, according to strategists from JPMorgan and Wells Fargo, these challenging times may be closer than we think. The gains have largely been powered by the AI boom in tech – and that has led to an unstable situation, with rising stock indexes resting on a narrow base. According to JPMorgan’s Chief Global Market  ( 34 min )

Bankrupt trucking giant Yellow said it has enough real estate and equipment it can sell to cover $1.2 billion it borrowed from the U.S. government and private lenders led by Apollo Global Management.  ( 28 min )

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The S&P 500 was little changed with a small gain of 0.03% on Thursday, Aug. 10, 2023 after a report on consumer prices showed inflation rose less than expected last month.  ( 1 min )

U.S. equities gained at midday on Thursday, Aug. 10, 2023 after the Labor Department reported consumer prices increased less than expected in July.  ( 1 min )

Inflation is expected to move higher in July and Disney shares are rising after it announced it would lift prices for its streaming services. Here’s what investors need to know today.  ( 1 min )

Een storing bij Rabobank zorgde er dinsdag voor dat klanten urenlang hun geldzaken niet konden regelen. De problemen deden zich voor op de website en in de app van Rabobank, maar zijn inmiddels opgelost.  ( 3 min )

Modebedrijf Tapestry neemt Capri Holdings over. Het concern betaalt 8,5 miljard dollar voor het moederbedrijf van Michael Kors, Jimmy Choo en Versace.  ( 3 min )

Chinese reisbureaus mogen voor het eerst sinds de coronapandemie weer reizen naar Nederland en bijna zeventig andere landen aanbieden. Internationale groepsreizen waren al enige tijd toegestaan, maar alleen naar een beperkt aantal landen.  ( 3 min )

Als je niet werkt omdat je kanker hebt, krijg je geen kinderopvangtoeslag van de Belastingdienst. Net als bij thuiszorg kan de gemeente dan hulp bieden. Maar die lokale aanpak zorgen voor onbegrijpelijke verschillen, zeggen gedupeerden tegen NU.nl.  ( 9 min )

Een storing bij Rabobank zorgt ervoor dat klanten op dit moment hun geldzaken niet kunnen regelen. De problemen doen zich voor op de website en in de app van Rabobank.  ( 3 min )

De NS heeft ook in het eerste half jaar van 2023 verlies geleden. Het bedrijf heeft niet genoeg treinkaartjes verkocht om alle kosten te dekken. "We hebben nog altijd fors minder reizigers dan voor corona", zegt NS-topman Wouter Koolmees.  ( 3 min )

Twitter (inmiddels bekend als X) moet een dwangsom van 350.000 dollar (ruim 317.000 euro) betalen. Het bedrijf van Elon Musk werkte niet op tijd mee aan een onderzoek naar de Amerikaanse oud-president Donald Trump.  ( 4 min )

De waarde van de roebel heeft deze week het laagste niveau bereikt in zestien maanden. Voor 1 euro betalen Russen nu 106 roebel. De lange daling lijkt even voorbij nu de Russische centrale bank ingrijpt.  ( 3 min )

De omwonenden van Tata Steel die naar de rechter stapten voor strengere eisen aan het staalbedrijf gaan in hoger beroep.  ( 4 min )

Het Radboudumc in Nijmegen is erin geslaagd zeldzame syndromen te herkennen met een gezichtsscan. De techniek moet artsen wereldwijd gaan helpen zeldzame afwijkingen te herkennen en de juiste diagnose te stellen.  ( 4 min )

Disney+-abonnees kunnen binnenkort mogelijk niet meer hun wachtwoord met bekenden delen. In navolging van Netflix wil ook Disney beginnen met handhaven.  ( 4 min )

Maaltijdboxbezorger HelloFresh ziet het aantal bestellingen teruglopen door bespaarzucht van consumenten. In het tweede kwartaal van dit jaar nam het aantal actieve klanten wereldwijd met bijna 9 procent af. Volgens HelloFresh komt dat door de hoge inflatie.  ( 3 min )

Rabobank heeft in de eerste helft van 2023 zijn nettowinst bijna verdubbeld. De bank maakte 2,5 miljard euro winst, tegen 1,3 miljard euro in dezelfde periode vorig jaar. Dat kwam vooral door een grote stijging van de rente-inkomsten.  ( 4 min )

Rabobank heeft in de eerste helft van 2023 z'n nettowinst bijna verdubbeld. Vooral door een grote stijging van de rente-inkomsten maakte Rabobank 2,5 miljard euro winst, tegen 1,3 miljard euro in dezelfde periode vorig jaar.  ( 4 min )

Industriële bedrijven in Nederland hebben in juni 7,7 procent minder geproduceerd dan in dezelfde maand een jaar eerder. Door de afkoeling van de wereldeconomie zakt de productie terug, net als bij onze oosterburen.  ( 3 min )

Omwonenden van Tata Steel vinden dat Noord-Holland de eisen voor de uitstoot van zwaveldioxide door de staalfabriek niet had mogen bijstellen. Zij zijn het niet eens met de rechter, die oordeelde dat de provincie geen regels overtrad, en gaan in hoger beroep.  ( 3 min )

Pro-Russische hackersgroepen hebben deze week meerdere Nederlandse websites platgelegd. Dat is een vergeldingsactie voor de steun van ons land aan Oekraïne. Maar we zijn nog niet in een cyberoorlog beland, stelt een expert gerust.  ( 3 min )

A student loan deferral can give you relief from your debts, but there can be long-term consequences to your credit score. Learn how deferrals affect your credit score.  ( 23 min )

Graduate business school costs time and money, and there are career-enhancing alternatives.  ( 20 min )

If it's time for a change, it's important that you understand how much your current home is worth. Read on to decide if now's the time to move.  ( 21 min )

Capitalism promotes free market conditions, whereas socialism incorporates certain elements of centralized economic planning. Read more to learn the differences between capitalism and socialism.  ( 34 min )

The financial crisis of 2008 and the great recession that followed is still fresh in the memories of many investors.  ( 22 min )

The Questrom School of Business is the business school located at Boston University. It was previously known as the Boston University School of Management.  ( 23 min )

Be careful of websites making bogus offers of free credit scores. If a site asks for credit card information, you’ll most likely end up being charged.  ( 22 min )

Today's three best CD rates available nationwide are 5.75% from Andrews Federal Credit Union, 5.65% from Dow Credit Union, and 5.60% from Northern Bank Direct.  ( 20 min )

The Supreme Court dealt a setback to video game publisher Epic in its battle against Apple over how the iPhone giant treats developers that sell programs on the App store.  ( 17 min )

Best Buy credit card offers promotional financing and cash-back rewards to incentivize higher spending.  ( 24 min )

UCLA Anderson School of Management is the University of California's graduate business school and one of the highest-ranked MBA programs in the United States.  ( 20 min )

DARPA will award up to $20 million in prize money to companies that use AI to develop stronger cybersecurity tools, with Google, Microsoft and OpenAI collaborating.  ( 17 min )

CDs can be a great way to get a fixed guaranteed return on your investment. See if State Farm’s CDs—offered through U.S. Bank—make sense for you and your money.  ( 23 min )

You can put your down payment savings to work earning as much as 5.75% APY until it's time to buy. Here are three risk-free ways to do so.  ( 17 min )

Bracketed sell order is a short sell order that is accompanied by a conditional buy order above and a buy limit order below the initial sell order.  ( 18 min )

The S&P 500 dipped 0.7% on Wednesday, Aug. 9, 2023 as tech stocks fell ahead of Thursday's key consumer inflation report.  ( 16 min )

A lawsuit by conservative advocacy groups could defeat President Joe Biden’s latest plan to forgive student loan debt even if it doesn’t ultimately win in court.  ( 19 min )

Going to graduate school right after college keeps your education momentum going, but sometimes it pays to wait. Here's how to decide.  ( 21 min )

Offering a comprehensive suite of financial services can bring in business, but coordination and customization are key to success and customer retention.  ( 20 min )

ADRs of Sony tumbled after the entertainment giant warned that strikes by TV and movie actors and writers will drag down current quarter revenue.  ( 18 min )

ADRs of Honda advanced as the carmaker reported a big increase in U.S. sales and announced a stock split.  ( 16 min )

ADRs of Sony tumbled after the entertainment giant warned that strikes by TV and movie actors and writers will drag down current quarter revenue.  ( 17 min )

Google AI-powered flight routes reduced global warming inducing contrails—white lines in the sky left behind by planes-without materially increasing fuel consumption.  ( 17 min )

Robo-advisors are less expensive but a financial advisor will provide more personalized service.  ( 25 min )

A default happens when a borrower fails to make required payments on a debt, whether of interest or principal. Find out what the consequences of default are.  ( 28 min )

Jobs growth is a measure of how many nonfarm jobs the U.S. economy added in the prior month as estimated by the U.S. Bureau of Labor Statistics (BLS).  ( 21 min )

The Sustainability Accounting Standards Board (SASB) developed standards for companies to report sustainability issues that could affect their value.  ( 22 min )

A decline in the dollar’s share of allocated foreign exchange reserves has fueled talk of de-dollarization, which involves reducing reliance on the U.S. dollar as a reserve currency.  ( 22 min )

Electric vehicle (EV) maker Rivian Automotive keeps losing money on every vehicle it makes, but losses have narrowed and the company expects profitability by the end of 2024.  ( 17 min )

Data analytics is the science of analyzing raw data in order to make conclusions about that information. It helps businesses perform more efficiently and maximize profit.  ( 24 min )

The Bureau of Labor Statistics' employment report is a widely watched indicator of economic well-being that directly influences the market.  ( 26 min )

The National Association of College and University Business Officers (NACUBO) is a membership organization focused on the educational sector.  ( 22 min )

The unemployment rate is the percentage of the total labor force that is unemployed but actively seeking employment and willing to work.  ( 32 min )

Mortgage applications declined 3.1% from the previous week as the average interest rate for FHA-backed mortgages increased to 7.02%—the highest in almost 21 years—according to data from the Mortgage Bankers Association.  ( 18 min )

Investopedia and NY1 are teaming up on a series of biweekly updates tracking the health of New York City’s economy, highlighting the best and worst-performing areas of New York's housing, tourism, leisure and hospitality metrics.  ( 20 min )

Roblox shares tumbled after the online gaming platform’s second-quarter loss per share widened because of increased costs.  ( 16 min )

In most cases, your car insurance company does not report accidents to the DMV, but states require police to under certain circumstances.  ( 22 min )

U.S. equities declined at midday on Wednesday, Aug. 9, 2023, on the latest batch of earnings reports and as the market awaits key inflation data.  ( 16 min )

Investopedia and NY1 are teaming up on a series of biweekly updates tracking the health of New York City’s economy, highlighting the best and worst-performing areas of New York's housing, tourism, leisure and hospitality metrics. areas of New York's housing, tourism, leisure and hospitality metrics.  ( 17 min )

Shares of Decibel Therapeutics skyrocketed after Regeneron Pharmaceuticals agreed to buy the biotech firm for up to $213 million to expand its gene therapy pipeline.  ( 16 min )

Obtaining a company's prospectus—or other financial documents—is now a simple online task.  ( 20 min )

Credit Unions often offer lower interest rates on the loans they offer. Learn how to get a credit union personal loan and reap the benefits of being a member.  ( 21 min )

GDP per capitais a metric that breaks down a country's GDP per person and is calculated by dividing the GDP of a country by its population.  ( 25 min )

Marginal benefit is an incremental change in a consumer's benefit, while marginal cost is an incremental change in a company's production expense.  ( 23 min )

Colleges, universities, and other schools face funding challenges for a variety of reasons. Learn how schools make money and how they use it.  ( 24 min )

Amazon is reportedly in talks to become an anchor investor in the IPO of Arm Ltd., a British semiconductor and software design company. The IPO, expected to be one of the largest this year, could help Amazon boost its cloud business.  ( 18 min )

The U.S. runs both fiscal and current account deficits, which together are referred to as twin deficits.  ( 21 min )

The labor force participation rate is a measurement of an economy’s active workforce.  ( 31 min )

A personal loan will briefly affect your credit score both when you take one out and when you pay it off. Longer-term impacts can result from how well (or how poorly) you manage your debt.  ( 22 min )

Tenancy at sufferance is a legal circumstance when a property renter continues to live on a property after a lease term has expired.  ( 18 min )

Rates on 30-year mortgages have sunk almost a quarter percentage point over the past three days, with the averages on almost every other loan type dropping as well.  ( 20 min )

Penn Entertainment shares surged after inking a $2 billion deal to rebrand and relaunch its sportsbook as ESPN Bet.  ( 17 min )

The Kelley School of Business is the business school of Indiana University. It offers programs in finance, accounting, marketing, and management.  ( 23 min )

Mass production allows consumer goods to be made for the broadest possible market, lowering costs overall.  ( 22 min )

Index funds and robo-advisors stand out as accessible and effective tools for individuals aiming to grow their wealth.  ( 26 min )

The reluctance of workers to return to the office, its checkered financial history, and considerable losses have led flexible workspace provider WeWork to express "substantial doubt" over its ability to remain in business.  ( 18 min )

What is the difference between representative samples and random samples, and how are they are used to reduce sampling bias?  ( 21 min )

Unemployment is the term for when a person who is actively seeking a job is unable to find work.  ( 28 min )

The IE Business School is a business school based in Madrid, Spain, which offers both undergraduate and graduate programs.  ( 21 min )

Only 18% of Americans believe now is a good time to buy a home, even as consumers report improved job security and financial health, according to a new survey from Fannie Mae.  ( 18 min )

Shares of Penn Entertainment surged after it struck a branding deal with ESPN and shares of online loan provider Upstart dove after its lower-than-expected quarterly revenue forecast. Here’s what investors need to know today.  ( 18 min )

June inflation was the lowest annual rate in more than two years. But how long will it take to get under the Federal Reserve's target rate of 2%?  ( 18 min )

The University of Chicago’s Booth School of Business is the graduate business school of the University of Chicago.  ( 21 min )

Find out which college majors give you the best odds of joining the wealthiest percentile of Americans.  ( 23 min )

The graduate record examination (GRE) is a standardized test that measures one's aptitude for abstract thinking.  ( 24 min )

Grad schools typically take a holistic approach when evaluating applicants. Emphasize your strengths while addressing your weaknesses.  ( 25 min )

Group term life insurance is life insurance offered as an employee benefit. Often a base amount is covered at no charge, with the option to add more.  ( 25 min )

The Old Lady is a nickname for the Bank of England, originating from a 1797 political cartoon.  ( 19 min )

What battery metals are to gigafactories, helium is to everything from scientific research, medical technology and high-tech manufacturing to space exploration and national defense  ( 41 min )

Electric bus and battery maker Proterra Inc. won’t fight an Aug. 17 delisting from the Nasdaq as it works on a bankruptcy reorganization plan. The post Proterra won’t fight Nasdaq delisting following bankruptcy filing appeared first on FreightWaves.  ( 32 min )

"Equities seem oversold as well. So, we think the probability for stocks to rally strongly after CPI is very high," Fundstrat's Tom Lee said.  ( 31 min )

The Johnson & Johnson spinoff is the consumer health company that makes Listerine and Tylenol.  ( 26 min )

Disney said Wednesday it will raise the price of its streaming services Disney+ and Hulu for the second time this year.  ( 32 min )

A conservative legal group on Wednesday urged a U.S. anti-discrimination agency to investigate Kellogg Co over workplace diversity policies that it says are unlawful, and accused the cereal maker of sexualizing its products. This is the second complaint filed this week against a company by America First Legal, a nonprofit run by Stephen Miller, who was an adviser to former President Donald Trump. America First in a letter to the U.S. Equal Employment Opportunity Commission (EEOC) said Kellogg's hiring, training and promotion practices are designed to achieve a balance based on race and sex that violates the federal law banning workplace bias.  ( 31 min )

The entertainment giant’s is raising the cost of the ad-free versions of Disney+ and Hulu by more than 20% each.  ( 26 min )

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Shares of the AI chip maker slumped despite a lack of news. Is more downside ahead?  ( 26 min )

The U.S. Securities and Exchange Commission (SEC) said it would file an "interlocutory appeal" of a judge's ruling on Ripple's programmatic sales of XRP, the regulator said in a court filing Wednesday.  ( 31 min )

(Bloomberg) -- Proterra Inc., the electric bus maker touted by President Joe Biden that filed for bankruptcy this week, was the recipient of millions of dollars in US Covid-relief government aid. Most Read from BloombergEcuador Presidential Candidate Assassinated, Suspect Shot DeadRetirees Face $17,400 Cut to Social Security Benefits in 2033First American City to Tame Inflation Owes Its Success to Affordable HousingEveryone Wants to Work at UPS After Teamsters DealOnce Asia's Richest Woman, Chin  ( 32 min )

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Baidu, TikTok-owner ByteDance, Tencent and Alibaba have made orders worth $1 billion to acquire about 100,000 A800 processors from the U.S. chipmaker to be delivered this year, the FT reported, citing multiple people familiar with the matter. The Biden administration last October issued a sweeping set of rules designed to freeze China's semiconductor industry in place while the U.S. pours billions of dollars in subsidies into its chip industry. Nvidia offers the A800 processor in China to meet export control rules after U.S. officials asked the company to stop exporting its two top computing chips to the country for AI-related work.  ( 31 min )

Disney reported earnings after the bell on Wednesday. Here's what to know.  ( 33 min )

Disney reported earnings after the bell on Wednesday. Here's what to know.  ( 33 min )

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Stocks were down, failing to shake off losses driven by banking-sector worries as attention shifted to a key US inflation report.  ( 31 min )

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It's always good for an investor to check in on the Buffett Indicator.  ( 33 min )

"Flexible workspaces have a future in the office ecosystem, but WeWork, in its current state, may not," BTIG analysts wrote Wednesday.  ( 33 min )

July CPI is a key factor in the Federal Reserve's decision on whether to hike interest rates next month.  ( 31 min )

John Schnatter, founder and former CEO of Papa John’s International Inc., this week reacted to the news of his case going to trial.  ( 11 min )

(Bloomberg) -- Upstart Holdings Inc.’s breakneck rally is losing momentum after the lending platform that uses artificial intelligence provided a disappointing outlook.Most Read from BloombergEveryone Wants to Work at UPS After Teamsters DealFirst American City to Tame Inflation Owes Its Success to Affordable HousingTycoon Who Gave Away $750 Million Sees Profit in Loans to PoorWeWork Tumbles After Raising ‘Substantial Doubt’ About FutureNasdaq 100 Drops 1% in Run-Up to Key CPI Report: Markets Wr  ( 31 min )

Customers on the legacy Mix and Match plans will have to pay $3 more for single lines and $5 more for multiple lines, finance chief Tony Skiadas said at an investor conference on Wednesday. Last month, Bloomberg reported that Verizon was raising the monthly price on its wireless home internet offering by $10.  ( 31 min )

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Roblox shares tumbled after the online gaming platform’s second-quarter loss per share widened because of increased costs.  ( 17 min )

WeWork warned investors that there is "substantial doubt" it can stay in business, marking a new twist in the troubled company's staggering rise, fall, rebirth and potential imminent collapse.  ( 32 min )

August hasn't been kind to the high-flying tech company.  ( 26 min )

Wall Street expects the e-commerce giant to post decent earnings and revenue growth. Gloomy signs on China's economy cloud the outlook.  ( 26 min )

Russia effectively abandoned its budget rule on Wednesday as the central bank said it would stop conducting finance ministry foreign currency purchases from Aug. 10 until the end of the year to try and prevent the rouble from plumbing new depths. The rouble pared losses on the news. Earlier on Wednesday it sank to its lowest for more than 16 months, past 98 to the dollar, hampered by strong demand for foreign currency and a lack of supply, with a shrinking trade surplus and widening budget deficit also hurting sentiment.  ( 30 min )

Nio Inc investors can proceed as a class in a lawsuit claiming the Chinese electric vehicle maker lied about building its own factory in Shanghai during its 2018 initial public offering, a U.S. judge has ruled. The lawsuit in federal court in New York seeks damages from Nio, its executives and underwriters for a decline in share price after the carmaker said in March 2019 that it had scrapped plans to build the new factory it had said was "under construction" during the IPO. U.S. District Judge Nicholas Garaufis issued an order late Tuesday certifying a class of all investors who bought Nio American Depositary Shares (ADS) in the September 2018 IPO, and a class of investors who purchased ADS between Oct. 8, 2018 and March 5, 2019.  ( 31 min )

Stocks were down, failing to shake off losses driven by banking-sector worries as attention shifted to a key US inflation report.  ( 31 min )

The average U.S. 30-year mortgage rate jumped to a nine-month peak on Wednesday and hit the second-highest rate since 2001, as interest rates reacted sharply to a downgrading of U.S. government debt. The average 30-year mortgage rate shot up to 7.09% for the week ending Aug. 4, a 16 basis point increase from the previous week's 6.93% rate, according to a weekly report released by the Mortgage Bankers Association. Potential borrowers adjusted promptly to the surging cost of borrowing: the mortgage applications index - a measure of total mortgage application volume - fell 3.1% to a six-month low of 194.5.  ( 30 min )

Shares of the tech giant have slumped since it reported earnings last week.  ( 26 min )

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Speaking at a J.P. Morgan investor conference, GM Chief Financial Officer Paul Jacobson said the automaker's electric vehicles, from Cadillac Lyriq SUVs to BrightDrop vans, had been affected by an issue with assembling battery modules - a stumbling block first noted last week by Chief Executive Mary Barra. Jacobson said GM had built more than 1,000 Lyriqs in July -- still well below the company's initial expectations. GM in early 2022 said it expected to build 25,000 Lyriqs at the company's Spring Hill, Tennessee, plant last year, but fell far short of that target.  ( 30 min )

Fitch Ratings recently downgraded the United States' long-term foreign-currency issuer default rating from its highest AAA rating to AA+, and stocks fell on the news. But CNBC's Jim Cramer appears unfazed by the decision. "I'm not concerned about the Fitch downgrade," the "Mad Money" host said. "I am concerned that too many people remain too sanguine at the moment because that's not what we want to see. When you get too many bulls, it tends to eventually cause a nasty sell-off — so maybe some fe  ( 33 min )

The S&P 500 has notched some very respectable returns this year, but there’s reason to believe it is only the beginning of a sustained multiyear rally. At least, that is the opinion of ‘Shark Tank’ star Kevin O’Leary, who believes that while various sectors of the US economy will be dealing with a series of difficulties, the S&P 500 is poised to ride the momentum of increased government expenditure in the upcoming years. O’Leary anticipates that the CHIPS and Science Act along with the Inflation  ( 35 min )

The bears haven taken a bite out of Apple in August.  ( 32 min )

The British pound continues to show strength in the form of support.  ( 32 min )

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Shares in sports gambling names have fallen in the wake of Penn's $2 billion deal for ESPN rights.  ( 27 min )

Disney will report earnings after the bell on Wednesday. Here's what to know.  ( 33 min )

The online platform for medical professionals said pharmaceutical companies are slowing down in shifting to handling information digitally.  ( 26 min )

(Bloomberg) -- Roblox Corp. plunged by the most in nine months after reporting that people were spending less time playing its games in the second quarter and missing Wall Street’s estimates.Most Read from BloombergEveryone Wants to Work at UPS After Teamsters DealWeWork Tumbles After Raising ‘Substantial Doubt’ About FutureTycoon Who Gave Away $750 Million Sees Profit in Loans to PoorTesla CFO Kirkhorn Exits With $590 Million FortuneWall Street WhatsApp, Texting Fines Exceed $2.5 BillionRoblox  ( 31 min )

The company, which charters planes by the hour, has made a slew of restructuring measures this year, including job cuts and management changes. Delta said in a statement that it was providing a short-term capital infusion in the form of a secured promissory note as Wheels Up pursues strategic partnerships.  ( 31 min )

The company posts a second-quarter net loss of 46 cents a share. A year ago, it posted a loss of 30 cents.  ( 26 min )

Bank of America said more people had been taking hardship distributions from their retirement plans in recent months in a sign consumers may be running out of savings to propel economic growth.  ( 32 min )

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Arm plans to raise around $10 billion in its IPO.  ( 11 min )

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TUI is acutely aware that its holiday package tours could be prone to seasonality shifts, as the group has just had to deal with the impact of severe weather warnings and wildfires. Despite all this and rising prices, travel demand from its main markets remains strong.  ( 32 min )

(Bloomberg) -- Carvana Co. raised its profit outlook as the used-car retailer said the momentum it saw from an early-year turnaround is carrying into the third quarter.Most Read from BloombergEveryone Wants to Work at UPS After Teamsters DealWeWork Tumbles After Raising ‘Substantial Doubt’ About FutureTycoon Who Gave Away $750 Million Sees Profit in Loans to PoorTesla CFO Kirkhorn Exits With $590 Million FortuneWall Street WhatsApp, Texting Fines Exceed $2.5 BillionAdjusted earnings before inter  ( 31 min )

Wall Street has many worries, including softer demand for Disney+ and weak performance at the box office.  ( 26 min )

The software company lifted its adjusted operating income guidance for the year.  ( 26 min )

Tuesday evening, electric-vehicle start-up Rivian reported strong second-quarter numbers, and increased production guidance. Analysts and investors are happy.  ( 26 min )

Lidar maker Luminar Technologies reports second-quarter results in line with Wall Street expectations and maintains full-year financial guidance.  ( 26 min )

Shares of Penn Entertainment surged after it struck a branding deal with ESPN and shares of online loan provider Upstart dove after its lower-than-expected quarterly revenue forecast. Here’s what investors need to know today.  ( 19 min )

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Stock futures rose Wednesday, looking to shake off losses driven by banking-sector worries, as attention shifted to a key US inflation report in the wake of disappointing Chinese price data.  ( 31 min )

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Philadelphia Fed President Patrick Harker said on Tuesday the U.S. central bank may be at the stage where it can leave interest rates where they are, barring any abrupt change in the direction of recent economic data. However, some central bank officials are still leaning the other way, with Fed Governor Michelle Bowman on Monday saying the combination of still-elevated inflation and continued economic growth meant further rate increases are likely. Wall Street's main indexes ended the previous session lower in a broad selloff after the downgrading of several small and mid-sized banks by credit rating agency Moody's reignited fears about the health of U.S. lenders and the economy.  ( 32 min )

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Shares of Upstart fall sharply after the artificial-intelligence lending company issues a third-quarter earnings and revenue forecast that was below expectations, while Penn Entertainment surges after striking a deal with ESPN.  ( 27 min )

(Bloomberg) -- Oil was steady — after closing at the highest since mid-April on concerns about a possible escalation of the conflict between Ukraine and Russia — ahead of data that may show swelling US crude stockpiles. Most Read from BloombergEveryone Wants to Work at UPS After Teamsters DealWeWork Tumbles After Raising ‘Substantial Doubt’ About FutureUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksWall Street WhatsApp, Texting Fines Exceed $2.5 BillionTesla CFO Kirkhorn Exits With $  ( 31 min )

Almost half of Chinese undergraduates returned to their hometowns last year within six months of graduation, state media reported, with the proportion rising to 47% from 43% in 2018 amid a sagging job market. Feeling the pinch of rising living costs, jobless Chinese youth have been leaving mega-cities, traditionally the stepping stone to middle-class wealth and beyond, for their hometowns with a slowing economy this year further pushing them away. The proportion of undergraduates returning home six months after graduation climbed to 47% in 2022 from 43% in 2018, state-run China News Service reported on Tuesday, citing a private sector survey.  ( 30 min )

(Bloomberg) -- China’s former biggest builder Country Garden Holdings Co. has joined the ranks of once-strong developers that are deferring millions of dollars in payments, underscoring the sector’s entrenched debt woes.Most Read from BloombergEveryone Wants to Work at UPS After Teamsters DealWeWork Tumbles After Raising ‘Substantial Doubt’ About FutureUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksWall Street WhatsApp, Texting Fines Exceed $2.5 BillionTesla CFO Kirkhorn Exits With $  ( 32 min )

Wall Street has many worries, including softer demand for Disney+ and weak performance by the company's movies at the box office.  ( 26 min )

A capitulation among market naysayers comes just as market risks are rising. Consider protecting some of your 2023 gains with this hedging strategy.  ( 26 min )

(Bloomberg) -- China’s largest tech companies Alibaba Group Holding Ltd. and Tencent Holdings Ltd. have gained $66 billion in market value since May’s end, propelled by expectations of a gradual return to pre-crackdown growth and a litany of official promises to unshackle the private sector. Yet some investors warn the celebration may be premature.Most Read from BloombergUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksWeWork Tumbles After Raising ‘Substantial Doubt’ About FutureWall S  ( 34 min )

China's consumer prices posted their first annual decline in more than two years in July, while factory gate prices extended their falls, data showed on Wednesday, as lacklustre demand weighed on the economy. The only bright spot was that the core CPI rebounded to 0.8% due to seasonal tourism during the summer, but I am afraid that it may lack sustainability. Given the base remained high last year, CPI will hardly rebound significantly in the second half of the year.  ( 31 min )

BEIJING (Reuters) -China's consumer sector fell into deflation and factory-gate prices extended declines in July, as the world's second-largest economy struggled to revive demand and pressure mounted for Beijing to release more direct policy stimulus. Anxiety is rising that China is entering an era of much slower economic growth akin to the period of Japan's "lost decades", which saw consumer prices and wages stagnate for a generation, a stark contrast to the rapid inflation seen elsewhere. China's post-pandemic recovery has slowed after a brisk start in the first quarter as demand at home and abroad weakened and a flurry of policies to support the economy failed to shore up activity.  ( 32 min )

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A Boeing official told the county council that sites other than St. Louis have been considered for the aerospace manufacturer's proposed $1.8 billion expansion project, which would include construction of multiple buildings totaling one million square feet.  ( 13 min )

At the end of June, the Biden Administration unveiled an ambitious goal to ensure reliable broadband internet access for the entire US, even the most remote rural areas. The project will involve a federal outlay of $42 billion, allocated to the states over the next two years. The President touts the initiative as a move to close the ‘digital gap’ that separates the haves and have-nots in the world of high-speed connectivity. “It’s the biggest investment in high-speed internet ever, because for t  ( 34 min )

(Bloomberg) -- He built a fortune lending to low-income borrowers shunned by banks. He paid staff below-market wages and thought they still earned too much. He gave away almost all his wealth to a handful of employees, content with his small house and a $5,000 car.Most Read from BloombergEveryone Wants to Work at UPS After Teamsters DealWeWork Tumbles After Raising ‘Substantial Doubt’ About FutureUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksWall Street WhatsApp, Texting Fines Excee  ( 35 min )

The S&P 500 dipped 0.7% on Wednesday, Aug. 9, 2023 as tech stocks fell ahead of Thursday's key consumer inflation report.  ( 1 min )

U.S. equities declined at midday on Wednesday, Aug. 9, 2023, after the latest batch of earnings reports and ahead of key inflation data.  ( 1 min )

Shares of Penn Entertainment surged after it struck a branding deal with ESPN and shares of online loan provider Upstart dove after its lower-than-expected quarterly revenue forecast. Here’s what investors need to know today.  ( 1 min )

Buurtwinkels worden in hun voortbestaan bedreigd, meldde NU.nl zondag. Veel NUjij'ers hopen dat ze blijven bestaan, maar gaan zelf meestal naar een grote supermarktketen. Waarom willen ze het één, maar doen ze het ander? Een greep uit de reacties.  ( 4 min )

Op NU.nl vind je elke dag een stelling die bij het nieuws past. Lang niet alles waar statiegeld op zit wordt ingeleverd, bleek maandag. Lever jij je blikjes in, of gooi je ze nog steeds in de prullenbak? Is 15 cent statiegeld de moeite waard? Breng je stem uit en discussieer mee.  ( 3 min )

ABN AMRO en ING zagen hun winst afgelopen kwartaal verdubbelen. Belangrijkste oorzaak is de serie renteverhogingen van de Europese Centrale Bank. In Italië en andere landen wordt gewerkt aan een extra bankenbelasting voor overwinsten. Of dat ook in Nederland een goede zet is, vragen experts zich af.  ( 4 min )

De marktprijs voor gas is woensdagmiddag omhooggeschoten. Op de Amsterdamse gasbeurs steeg de prijs met meer dan een derde tot ruim 43 euro per megawattuur. Dat is het hoogste niveau sinds mei. De oorzaak is een dreigende staking in Australië.  ( 3 min )

Eerst viel er zes weken geen spat regen, daarna kreeg Nederland juist zes weken wisselvallig weer. Sinds 22 juli halveerde het neerslagtekort zelfs bijna. Hoe uitzonderlijk is de snelheid van het ontstaan en verdwijnen van de droogte van 2023?  ( 4 min )

De verhuurder van een winkelpand waarin een Big Bazar-filiaal is gevestigd, heeft het faillissement van de koopjeswinkel aangevraagd bij de rechtbank Amsterdam.  ( 3 min )

Italië heeft binnen een dag de plannen voor een extra belasting op overwinsten van banken al afgezwakt. Beleggers raakten na de aankondiging van de maatregel in paniek en verkochten aandelen in Italiaanse banken. Om ze te kalmeren, begrenst de regering de extra belasting.  ( 3 min )

De koers van het aandeel Novo Nordisk is deze week omhooggeschoten. Dat gebeurde nadat uit onderzoek was gebleken dat een diabetesmedicijn van het Deense farmaceutische bedrijf, dat ook effectief is als afslankmiddel, ook goed werkt tegen hart- en vaatziekten.  ( 3 min )

Hoewel energie nu veel goedkoper is dan vorig najaar, kunnen prijzen bij een koude winter weer snel oplopen. Daarvoor waarschuwt E.ON, het Duitse moederbedrijf van Essent en Energiedirect. "De energiecrisis is nog niet helemaal voorbij", zegt bestuurder Leonhard Birnbaum.  ( 3 min )

Klanten en winkelmedewerkers moeten nog wennen aan het inleveren van blikjes voor statiegeld. "Iedereen is erbij gebaat dat het goed verloopt", zegt topman Frans Muller van supermarktconcern Ahold Delhaize.  ( 4 min )

De koers van het aandeel Novo Nordisk is deze week omhooggeschoten. Dat gebeurde nadat uit onderzoek was gebleken dat een diabetesmedicijn van het Deense farmaceutische bedrijf, dat ook effectief is als afslankmiddel, ook goed werkt tegen hart- en vaatziekten.  ( 3 min )

Klanten en winkelmedewerkers moeten nog wennen aan het inleveren van blikjes voor statiegeld. "Iedereen is erbij gebaat dat het goed verloopt", zegt topman Frans Muller van supermarktconcern Ahold Delhaize.  ( 4 min )

Ahold Delhaize heeft de winst in het afgelopen kwartaal zien dalen. Het supermarktconcern had last van onder meer hogere energiekosten en stakingen in België.  ( 3 min )

ABN AMRO heeft vanwege de gestegen rente in het tweede kwartaal fors meer winst geboekt. Het concern meldt net als branchegenoot ING bijna een verdubbeling van de winst ten opzichte van een jaar geleden.  ( 3 min )

Shares of Decibel Therapeutics skyrocketed after Regeneron Pharmaceuticals agreed to buy the biotech firm for up to $213 million to expand its gene therapy pipeline.  ( 1 min )

Amazon is reportedly in talks to become an anchor investor in the IPO of Arm Ltd., a British semiconductor and software design company. The IPO, expected to be one of the largest this year, could help Amazon boost its cloud business.  ( 1 min )

The reluctance of workers to return to the office, its checkered financial history, and considerable losses have led flexible workspace provider WeWork to express "substantial doubt" over its ability to remain in business.  ( 1 min )

Penn Entertainment shares surged after inking a $2 billion deal to rebrand and relaunch its sportsbook as ESPN Bet.  ( 1 min )

WeWork on Tuesday raised doubt about its ability to stay in business as the co-working space provider faces losses and a dwindling cash pile amid major changes in the way people work.  ( 29 min )

Bud Light may never recover from the ongoing controversy surrounding the brand, according to an anonymous beer distributor who spoke to the New York Post on July 31. Many more Anheuser-Busch InBev distributors have resigned themselves to their painful Bud Light losses and have given up on luring customers back following the controversial ad campaign. During the past few months, the company experienced hiring freezes and mass layoffs. Beer truck drivers face heckling and harassment. The revelatio  ( 32 min )

Today's top three nationwide CD rates are 5.75% from Andrews Federal Credit Union, 5.75% from INOVA Federal Credit Union, and 5.65% from Dow Credit Union.  ( 20 min )

Mid-sized banks stocks fell Tuesday after Moody's downgraded 10 institutions, citing higher funding costs and lower profitability.  ( 34 min )

Boston Beer Company's cofounder spent about $140 on two shares of Procter & Gamble more than six decades ago. They're worth $20,000 today.  ( 32 min )

The EV maker reported a per-share loss of $1.08 while Wall Street had expected a loss of $1.43.  ( 26 min )

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(Bloomberg) -- Twilio Inc. shares rose in extended trading after the software company raised its profit outlook for the year and reported quarterly sales and profit that topped analysts’ estimates.Most Read from BloombergUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksWall Street WhatsApp, Texting Fines Exceed $2.5 BillionMusk Says He May Need Surgery, Will Get MRI on Back and NeckThe Global South Breaks Away From the US-Led World OrderBillionaire Desmarais Family Quietly Reshapes a F  ( 31 min )

Shares of Tilray Brands skyrocketed after the maker of marijuana products and craft beer purchased eight beer and beverage brands from Budweiser parent Anheuser-Busch InBev.  ( 18 min )

Dutch Bros Inc. (NYSE: BROS) posts 103% rise in second-quarter Ebitda Revenue rose 34% in second quarter to $250 million on new locations, same shop sales Raises full-year Ebitda guidance to $135 million and $140 million President Christine Barone will become CEO and President in January 2024 Current CEO Joth Ricci to leave after five […]  ( 32 min )

Lyft's earnings have a flat tire or two in them. Yahoo Finance analyzes.  ( 32 min )

In the latest survey from Fannie Mae measuring housing sentiment, 82% of respondents said now is a bad time to purchase a house — a record high.  ( 33 min )

(Bloomberg) -- Coupang Inc., the online retailer popular in South Korea for dawn and one-day delivery, posted its fourth straight quarterly profit after investments in logistics and membership programs helped shore up margins.Most Read from BloombergUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksWall Street WhatsApp, Texting Fines Exceed $2.5 BillionMusk Says He May Need Surgery, Will Get MRI on Back and NeckThe Global South Breaks Away From the US-Led World OrderBillionaire Desmarai  ( 31 min )

Stocks remained under pressure but recovered from steeper losses after a warning about US bank health and surprisingly weak Chinese trade data sent shivers through markets.  ( 31 min )

Ratings agency says its also watching some of nation's biggest lenders for possible cuts amid ongoing financial strain.  ( 31 min )

Oxy exceeded production guidance for the second quarter in the Permian Basin and the Rockies. Here's what else is happening for the upstream energy company.  ( 13 min )

Chipmaker Nvidia has announced the release of its next-generation chip to capitalize on the demand for AI models and lower costs for developers.  ( 19 min )

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(Bloomberg) -- Oil reversed losses after Ukrainian President Volodymyr Zelenskiy said his country would retaliate if Russia continues to block Ukrainian ports.Most Read from BloombergUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksMusk Says He May Need Surgery, Will Get MRI on Back and NeckWall Street WhatsApp, Text-Message Fines Exceed $2.5 BillionThe Global South Breaks Away From the US-Led World OrderChina’s Trade Plunges More Than Forecast in Blow to RecoveryZelenskiy’s warning tr  ( 31 min )

On Monday, Palantir Technologies Inc (NYSE: PLTR) reported 13% revenue growth while also issuing third quarter guidance that topped estimates, implying an acceleration in revenue growth. As for the AI hype, Palantir CEO Alex Karp emphasized that the data company aims to do much more than merely produce a computer-generated poetry tool like Microsoft Corporation (NASDAQ: MSFT)-backed ChatGPT that risks being disapproved by some, with the company still figuring out how to monetize the technology i  ( 32 min )

Nothing hurts like an empty nest egg.  ( 32 min )

More Americans plan to claim Social Security benefits for retirement earlier than later, even if it means leaving money behind. Here's why.  ( 31 min )

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Novo Nordisk's trial showing its weight-loss drug reduces sudden heart attack sends its stock— and that of Eli Lilly's — soaring.  ( 33 min )

Electric adventure vehicle maker Rivian is on deck to report second quarter earnings after the bell on Tuesday, following a recent run-up in its stock fueled by positive headlines.  ( 32 min )

(Bloomberg) -- Tilray Brands Inc. shares jumped the most since February 2021 after the cannabis and consumer packaged goods company agreed to buy eight beer and beverage brands from the owner of Budweiser.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksWall Street WhatsApp, Text-Message Fines Exceed $2.5 BillionThe Global South Breaks Away From the US-Led World OrderChina’s Trade Plunges More Than Fore  ( 32 min )

Several stocks moved near 20% in either direction on Tuesday afternoon following earlier earnings reports.  ( 33 min )

(Bloomberg) -- US oil production this year will rise faster than previously expected, providing additional crude supplies to a market that has tightened because of Saudi Arabian output cuts, according to a new government forecast.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksThe Global South Breaks Away From the US-Led World OrderWall Street WhatsApp, Text-Message Fines Exceed $2.5 BillionChina’s Tra  ( 31 min )

The United Auto Workers (UAW) union said Tuesday Chrysler-parent Stellantis is seeking numerous concessions in ongoing contract talks including cuts to existing medical coverage. The UAW also said the company opposes an end to two-tier wages, a practice of newer workers getting paid much less than veteran workers. The UAW is seeking more than 40% pay raises over four years, significant additional time off and a restoration of defined benefit pensions previously eliminated for newer workers.  ( 30 min )

Stocks remained under pressure but somewhat recovered from steeper losses in afternoon trading on Tuesday after a warning about US bank health and surprisingly weak Chinese trade data sent shivers through markets.  ( 31 min )

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Yellow Corp. now faces a lawsuit from Teamsters members claiming its recent layoffs violated a federal act that required it to inform employees in advance. The company avers that it qualified for an exception.  ( 11 min )

Bud Light received mixed reactions after partnering with transgender social media influencer Dylan Mulvaney in April. But renowned podcaster and comedian Joe Rogan still enjoys the brew. In a recent episode of "The Joe Rogan Experience" podcast, he cracked open a can of Bud Light with country music star Zach Bryan. "And we're drinking Bud Lights, ladies and gentlemen. Sorry. There's nothing wrong with it," Rogan said. "People are so silly. We were just talking about silliness. One person made a  ( 33 min )

Enough selling pressure could push the S&P 500 to 4300, a level it last saw in June.  ( 26 min )

Outgoing Tesla Chief Financial Officer Zachary Kirkhorn is the beneficial owner of about 2.7 million shares of Tesla stock. He could choose to monetize them soon.  ( 26 min )

Ratings agency Moody's cut the credit ratings of several small and midsized banks late Monday and warned other big lenders, citing profitability challenges and funding risks.  ( 18 min )

The company warned that some larger cloud customers are continuing to take a conservative approach to spending.  ( 26 min )

Berkshire Hathaway is sitting on $144 billion, but CEO Warren Buffett believes there are better ways to use the spare cash than paying dividends.  ( 21 min )

(Bloomberg) -- International Flavors and Fragrances Inc. fell after slashing its full-year sales guidance as customers pull back on spending while working through their stashes of products instead of replenishing their pantries. Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckEastern US Prepares for a ‘Potent’ Storm System: Weather WatchPayPal Launches a Stablecoin in Latest Crypto Payments PushThe Global South Breaks Away From the US-Led World OrderHSBC Execu  ( 31 min )

The Dow Jones Industrial Average fell more than 400 points in Tuesday morning trading as a wave of negative headlines spiked the market's fear gauge. The Dow was down 447 points, or 1.3%, shortly after 10:30 a.m. ET. The S&P 500 was down 1.1%, while the Nasdaq Composite was down 1.4%. After fallin  ( 12 min )

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The Cupertino-based tech titan has lost its standing as a $3 trillion company.  ( 11 min )

Eli Lilly’s diabetes treatment Mounjaro, which is widely used for weight loss, raked in nearly $1 billion in second-quarter sales, or more than $200 million above what Wall Street had expected. Shares of the drugmaker soared to an all-time-high early Tuesday after Lilly said Mounjaro sales swelled more than 70% since the first quarter to $980 million. The U.S. Food and Drug Administration approved the drug at the end of last year's second quarter to treat type 2 diabetes, but analysts see a lot of potential for it in the booming market for weight-loss treatments, and doctors have already been prescribing it off-label for that.  ( 30 min )

DraftKings upgraded, Home Depot downgraded: Wall Street's top analyst calls  ( 33 min )

One top Wall Street strategist makes a compelling case for a pause in the market rally.  ( 32 min )

Finding solid returns is the key to success in stock investing, but there are almost as many paths to that as there are investors. You can pack your portfolio with long-term stocks featuring slow appreciation; you can invest heavily in trending stocks that are riding a bubble, hoping to cash out at the right time; or you can buy into low-cost equities that feature high potential to boom. That last is the allure behind the penny stocks. Traditionally priced for a dollar or less per share, today t  ( 35 min )

Moody's Investors Service cut the credit ratings of 10 U.S. regional banks and said it was reviewing the ratings of six other institutions, pointing to lower profits and higher funding costs. Shares of M&T Bank (MTB), Pin  ( 24 min )

The stock falls sharply after the scent and flavor maker cuts its full-year sales outlook.  ( 26 min )

(Bloomberg) -- Tesla Inc. has a long history of promoting talent from within. Outside hires don’t last for very long in the carmaker’s scrappy, hard-charging culture, and it takes a certain stamina to work for Elon Musk.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckUS Bank Shares Drop After Moody’s Cuts Ratings, Warns on RisksThe Global South Breaks Away From the US-Led World OrderEastern US Prepares for a ‘Potent’ Storm System: Weather WatchPayPal Launches  ( 32 min )

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Palantir stock was rising early Tuesday after a drop following its earnings report. All eyes are on the progress of its artificial-intelligence platform after a stunning rally this year so far.  ( 27 min )

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Seeking protection from creditors while continuing to operate, EV parts supplier Proterra filed for Chapter 11 bankruptcy. The company's stock fell more than 65% in pre-market trade on Tuesday.  ( 17 min )

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Is it a viable plan to use my 401(k) for the eight years between retirement (age 62) and the max payout age for Social Security (age 70)? I have about $750,000 and I’m planning to take about $1,700 per month. I already have a pension of about $1,500 per month. –Lynne Waiting to file for […] The post Ask an Advisor: Should I Delay Social Security and Rely on My 401(k) for 8 Years? I Have $750k in Savings and a Pension appeared first on SmartReads by SmartAsset.  ( 32 min )

The EV maker produced and sold about 10% more vehicles than expected in the second quarter.  ( 26 min )

Sometimes, regular riders may be shocked by the cost of an Uber ride, but it's not something you'd expect the company's CEO to encounter. But Wired Editor at Large Steven Levy recently took a 2.95-mile Uber ride in New York City to meet Uber Technologies Inc. CEO Dara Khosrowshahi. When Levy asked Khosrowshahi to estimate the ride's cost, he casually put it at $20. Much to everyone's surprise, the price turned out to be $51.69, including a tip for the driver. "Oh, my God. Wow," Khosrowshahi excl  ( 33 min )

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(Bloomberg) -- Moody’s Investors Service lowered credit ratings for 10 small and midsize US banks and said it may downgrade major lenders including U.S. Bancorp, Bank of New York Mellon Corp., State Street Corp., and Truist Financial Corp. as part of a sweeping look at mounting pressures on the industry.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckEastern US Prepares for a ‘Potent’ Storm System: Weather WatchPayPal Launches a Stablecoin in Latest Crypto Pay  ( 32 min )

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The Delhi-trained public accountant with big shoes to fill has kept a low profile since joining Tesla in 2016—a very low profile.  ( 33 min )

Barington Capital is pushing the company to find new directors, and possibly a new CEO.  ( 25 min )

Novavax reported a second-quarter profit on Tuesday, helped by strong revenue from its COVID-19 vaccines, but still trimmed its full-year forecast for sales of the shot. The biotech company also entered into a stock purchase agreement with SK Bioscience Co, under which Novavax will issue 6.5 million shares to the South Korean company at $13 per share. Shares of Novavax were up 19% at $8.95 in premarket trading.  ( 31 min )

Advanced Micro Devices (AMD) shares have jumped 80% in 2023. This uptrend is being powered by mega appetite for the stock.  ( 31 min )

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UPS’ full-year guidance change reflects the volume and cost impact from labor negotiations with the Teamsters. The post UPS lowers full-year outlook, posts drop in Q2 results appeared first on FreightWaves.  ( 31 min )

Billionaire Charlie Ergen is planning to combine pay-TV provider Dish Network and satellite-communications company EchoStar.  ( 26 min )

Results of a study looking at whether Novo Nordisk's Wegovy reduces the risk of heart attack and stroke are released Tuesday.  ( 27 min )

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Revenue declined at UPS in the second quarter and the package delivery company lowered its full-year revenue expectations by $4 billion, primarily due to a tentative labor contract reached late last month with its 340,000 unionized workers. UPS reached a tentative deal with the International Brotherhood of Teamsters, potentially averting a strike that threatened to disrupt package deliveries for millions of businesses and households nationwide. Under the agreement, which still needs to be approved by union members, full- and part-time union workers will get $2.75 more per hour in 2023, and $7.50 more by the end of the five-year contract.  ( 30 min )

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Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.  ( 9 min )

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Eli Lilly beat Wall Street estimates for second-quarter profit on Tuesday, buoyed by strong demand for its new diabetes drugs Mounjaro, ahead of a decision on the medicine's use as a weight-loss treatment. Excluding items, the U.S. drugmaker earned $2.11 per share in the quarter ended June 30, above analysts' average expectations of $1.98.  ( 30 min )

(Bloomberg) -- Investors betting against Rivian Automotive Inc. have a lot riding on the electric vehicle maker’s results later Tuesday, after a steep rally exposed them to big losses. Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckEastern US Prepares for a ‘Potent’ Storm System: Weather WatchPayPal Launches a Stablecoin in Latest Crypto Payments PushThe Global South Breaks Away From the US-Led World OrderHSBC Executive Slams ‘Weak’ UK for Backing US Against  ( 33 min )

Kirkhorn was a key part of Tesla's turnaround over the last five years, says Dan Ives of Wedbush Securities.  ( 31 min )

A plunge in Chinese imports bodes ill for Alibaba. But falling exports holds gloomy signs for the global economy more broadly.  ( 26 min )

Stocks extended their fall on Tuesday after a warning about US bank health and surprisingly weak Chinese trade data sent shivers through markets.  ( 31 min )

Stocks sank at the open on Tuesday, after a warning about US bank health and surprisingly weak Chinese trade data sent shivers through markets.  ( 31 min )

Stocks sank on Tuesday, set to open in the red after surprisingly weak Chinese trade data and a warning about US bank health sent shivers through markets.  ( 31 min )

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The rating agency said rising funding costs, possible decline in deposit levels and weaker profitability pose risks to the banking sector, which went through a crisis earlier this year after the collapse of three lenders. "The Moody's announcement is a wake-up call," Stuart Cole, chief macro economist at Equiti Capital, said.  ( 31 min )

Meanwhile, the global shipping downturn, which has hurt margins for the sector, has forced logistic firms to balance costs and capacity to lower demand. UPS now expects 2023 consolidated revenue to be about $93 billion, compared with a prior forecast of about $97 billion. The company expects full-year adjusted operating margin of around 11.8%, compared to its prior forecast of about 12.8%.  ( 31 min )

Average prices of gold during the reported quarter rose 4.3% compared to last year, nearly touching an all-time high in May as U.S. banking concerns accelerated a rush to the safe-haven asset. The company's average realized gold prices stood at $1,972 per ounce, up from $1,861 per ounce a year earlier. Meanwhile, all-in sustaining costs (AISC) for gold, a key industry metric that reflects total expenses associated with production, rose to $1,355 per ounce from $1,212 per ounce in the year-ago quarter.  ( 31 min )

Yahoo Finance asked top analysts, economists, and other industry experts to submit a chart that they think best sums up what's going on in the economy and in markets today.  ( 61 min )

Yahoo Finance asked top analysts, economists, and other industry experts to submit a chart that they think best sums up what's going on in the economy and in markets today.  ( 60 min )

Palantir stock was rising early Tuesday after a drop following its earnings report. All eyes are on the progress of its artificial-intelligence platform after a stunning rally this year so far.  ( 27 min )

(Bloomberg) -- A selloff in emerging markets accelerated Tuesday after data releases from China to Hungary underscored the price nations are paying for disinflation: a deeper slowdown in economic growth than initially expected.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckEastern US Prepares for a ‘Potent’ Storm System: Weather WatchPayPal Launches a Stablecoin in Latest Crypto Payments PushHSBC Executive Slams ‘Weak’ UK for Backing US Against ChinaTexas Pow  ( 31 min )

Major Chinese property developer Country Garden said on Tuesday it has not paid two dollar bond coupons due Aug 6 worth a total of $22.5 million. The bonds in question are notes due on Feb 2026 and Aug 2030 , both with 30-day grace periods, investors said, citing prospectus. Country Garden said its usable cash has continuously decreased, showing "periodic liquidity stress" due to deterioration in the sales and refinancing environment, and the impact from various fund regulations.  ( 31 min )

Ratings agency Moody's downgraded the credit ratings of several U.S. banks on Monday and warned it was reviewing the status of some of the nation's biggest lenders. Moody's cut the ratings of 10 U.S. banks by one notch and placed some banking giants on review for potential downgrades. The downgraded banks include M&T Bank, Pinnacle Financial Partners, Prosperity Bank and BOK Financial Corp.  ( 31 min )

Bitcoin edged up on Tuesday morning in Asia after U.S. multinational payment giant PayPal launched a U.S. dollar-pegged stablecoin on Monday.  ( 32 min )

Employer-sponsored group term life insurance is often a free employee benefit. But it may not be enough to cover your family’s needs if you die.  ( 24 min )

A jewelry floater is a type of supplemental insurance designed to protect precious jewelry.  ( 21 min )

Today's top three nationwide CD rates are 5.75% from Andrews Federal Credit Union, 5.75% from INOVA Federal Credit Union, and 5.65% from Dow Credit Union.  ( 19 min )

The Consumer Confidence Index is a survey that measures how optimistic or pessimistic consumers are regarding their expected financial situation.  ( 24 min )

The S&P 500 dipped 0.4% on Tuesday, Aug. 8, 2023, as bank stocks lost ground after Moody’s downgrades.  ( 16 min )

Bank of America study shows 401(k) balances are almost 10% higher as Generation Z and Millennials increase their contribution rates  ( 18 min )

Wholesale inventories—the stock of goods available for sale by wholesalers and a factor that may influence the country's Gross Domestic Product (GDP)—fell 0.5% to $905.2 billion in June compared to May, but were 1.3% higher over the June last year.  ( 17 min )

If you’ve seen fewer “made in China” labels on the products you buy, it’s no accident: trade between the U.S. and its biggest Asian trading partner has diminished as manufacturers have left China for friendlier shores.  ( 18 min )

Bounty programs are rewards, usually in the form of tokens, to promote an initial coin offering (ICO).  ( 19 min )

On Tuesday, Elon Musk's X Corp. entered into an exclusive partnership with Integral Ad Science Holding Corp. (IAS), an ad optimization company, to win back advertisers and address reports of growing hate speech on the platform.  ( 19 min )

Chegg shares soared after the education technology provider posted better-than-expected sales and laid out its artificial intelligence strategy.  ( 18 min )

One of America's youngest senators and its oldest president, Joe Biden's story includes his accomplishments, life-altering tragedies, and an ambitious vision for America's future.  ( 34 min )

Shares of Tilray Brands skyrocketed after the maker of marijuana products and craft beer purchased eight beer and beverage brands from Budweiser parent Anheuser-Busch InBev.  ( 17 min )

Learn about robo Roth IRAs and if you should consider using a robo-advisor to manage your Roth IRA.  ( 23 min )

When it comes to money management, there is no lack of choice. Here's a comparison of services from traditional advisors vs. those of a robo-advisor.  ( 25 min )

AA+ and AAA are two credit ratings provided by Standard and Poor's and Fitch, signifying the highest credit quality. AAA is the highest and one level above AA+.  ( 21 min )

Accelerated amortization occurs when a borrower makes extra payments toward their mortgage principal, speeding up the settlement of their debt.  ( 20 min )

Chipmaker Nvidia has announced the release of its next-generation chip to capitalize on the demand for AI models and lower costs for developers.  ( 17 min )

TSMC, Bosch, Infineon and NXP will build an $11 billion chip plant in Dresden, Germany, with production expected to begin by the end of 2027.  ( 17 min )

Buying life insurance in a qualified retirement plan offers tax benefits, but this strategy can also be expensive and complex to manage. Here are the pros and cons.  ( 26 min )

Federal Reserve regulations are rules put in place by the Federal Reserve Board to regulate the practices of banking and lending institutions, usually in response to laws enacted by the Congress.  ( 26 min )

United Parcel Service, the world's biggest package delivery company, posted mixed second-quarter results on Tuesday, beating on earnings but falling short on revenues.  ( 17 min )

New indications is a term used to refer to evidence signifying that there may be new applications for an existing drug or procedure.  ( 18 min )

A basket deductible is a single deductible that is designed to pay for losses from different types of risks. It is designed to reduce the risk associated with business transactions by outlining indemnification.  ( 19 min )

Harvard Business School is an internationally renowned business school located at Harvard University in Boston, Massachusetts.  ( 21 min )

In a survey, 44% said they are concerned Social Security may run out of money and stop making payments.  ( 18 min )

Amazon (AMZN) said on Tuesday it will be hosting a second Prime Day-style event in October named "Prime Big Deal Days," in an effort to lure shoppers ahead of the holiday season.  ( 17 min )

BMO offers a relatively basic CD with special rates for certain terms. Learn about BMO's current CD rates and features to make an informed decision and grow your savings.  ( 20 min )

Check out the current Bread Savings CD rates and see how they compare to the competition. Maximize your savings with flexible and secure CD investments at Bread.  ( 20 min )

Huntington Bank’s CD rates are very competitive for certain terms. Check out Huntington’s latest CD offer and find out how you can maximize your savings with one of the best rates in the market.  ( 21 min )

If you’re feeling the financial pressure from today’s high interest rates on all kinds of loans, relief from a year and a half of rate increases may be on the way.  ( 18 min )

Citi offers CDs, checking accounts, bank IRAs, and savings accounts. Learn more about its savings account rates, features, and account requirements.  ( 22 min )

U.S. equities sank at midday on Tuesday, Aug. 8, 2023, following bank downgrades by Moody's and data showing credit card debt rose to a record.  ( 17 min )

Certificates of deposit (CDs) can be a great method to save money for the future. Learn about PenFed CD rates, and see if they’re a good fit for your finances.  ( 23 min )

The process for how to file for student loan bankruptcy is more complex than the process for discharging other types of debt. Learn how to file and what debt qualifies.  ( 29 min )

Rates on 30-year mortgages dropped for a second day, along with almost every new purchase and refi average. But jumbo loan rates meanwhile held steady.  ( 20 min )

ADRs of Novo Nordisk surged to an all-time high after a study found Novo Nordisk's Wegovy weight-loss drug also helped cut risk of major adverse cardiovascular events by 20%.  ( 17 min )

A certificate of deposit is a good way to save money, especially when interest rates are high or rising. Learn about Third Federal Savings & Loan’s CD rates, term lengths, and more.  ( 20 min )

“Whartonite” is a colloquial term used to refer to graduates of The Wharton School of the University of Pennsylvania.  ( 21 min )

Eli Lilly shares rose to a record after the company posted better-than-expected results and raised its guidance on soaring demand soared for its diabetes drug, Mounjaro.  ( 17 min )

Homeschooling is an increasingly popular alternative to traditional schooling. Learn how much it costs the typical family to homeschool.  ( 24 min )

Vanguard offers brokered CDs through various banks with competitive rates and a wide range of terms. Learn all the details here.  ( 20 min )

Ally Bank CD rates are competitive, and there is no minimum deposit required to open. Several term options, as well as a special no-penalty CD, are available.  ( 20 min )

Ratings agency Moody's cut the credit ratings of several small and midsized banks late Monday and warned other big lenders, citing profitability challenges and funding risks.  ( 18 min )

A euro deposit is a deposit of foreign currency into a European bank account within the eurozone.  ( 19 min )

Adjustable life insurance allows policyholders the option to change key features like premiums and the death benefit.  ( 24 min )

Capital One offers a solid certificate of deposit (CD) account, with a variety of term lengths, good rates, and no minimum deposit required.  ( 20 min )

The NFIB Small Business Optimism Index was slightly better than expected in July but overall small business owners continue to be troubled by prices, hiring, compensation and lower profits.  ( 17 min )

Learn about Chase Bank's CD rates and how they compare to the competition. Make informed decisions and see if you can maximize your returns with Chase Bank's CD options.  ( 19 min )

Billionaire Charlie Ergen is combining Dish and EchoStar in an all-stock deal to create one big wireless network that could take on AT&T and Verizon.  ( 18 min )

Beyond Meat's revenue declined 30% in the second quarter as consumers pulled back on buying plant-based meat.  ( 17 min )

A certificate of deposit (CD) can be a great way to secure your savings and grow your finances. Learn what CIT Bank CD Rates are and how you can benefit.  ( 21 min )

The Marshall School of Business at the University of Southern California offers a variety of undergraduate and graduate programs.  ( 21 min )

Berkshire Hathaway is sitting on $144 billion, but CEO Warren Buffett believes there are better ways to use the spare cash than paying dividends.  ( 21 min )

How much does it cost to send a text message? For 11 trading firms, the practice of their employees texting about work on their personal devices has cost a combined $549 million in fines from federal regulators.  ( 17 min )

Columbia Business School is one of the top business and management schools in America and is located at Columbia University in New York City.  ( 21 min )

Seeking protection from creditors while continuing to operate, EV parts supplier Proterra filed for Chapter 11 bankruptcy. The company's stock fell more than 65% in pre-market trade on Tuesday.  ( 17 min )

Survey shows Americans are receptive to AI tools to help care for them as they age, with Nationwide testing ‘eldercare robotics’ for those with mobility issues.  ( 19 min )

Slowing revenue growth hasn't dented the profitability of America's biggest firms, as S&P 500 companies found alternative ways of boosting profits.  ( 18 min )

Getting into a top school does not hurt, but it is not the real driver of who goes on to do well in life, as some provocative research shows.  ( 25 min )

Here is a look at which presidents ran the largest federal budget deficits in U.S. history and why, from World War I through President Biden's administration.  ( 24 min )

Moody’s cuts the ratings for several banks while warning of downgrading others and UPS lowers its revenue and margins forecast following its new labor contract. Here’s what investors need to know today.  ( 19 min )

The Institut Europeen d'Administration des Affaires (INSEAD) is a top business graduate school, founded in 1957, with campuses in France, Singapore, and the Middle East.  ( 22 min )

Find out whether going to grad school and your payback from it—earnings, lifestyle, career opportunities—is worth the high cost of tuition.  ( 22 min )

Insurance in the United States dates back to colonial days, when Benjamin Franklin was a property insurance pioneer.  ( 21 min )

U.S. bailouts date all the way back to 1792. Learn how the biggest ones affected the economy.  ( 30 min )

Gold ETFs operating as trusts are straightforward. The trust holds gold and issues shares. Learn how ETFs are more efficient than buying physical gold.  ( 21 min )

Shares of Tilray Brands skyrocketed after the maker of marijuana products and craft beer purchased eight beer and beverage brands from Budweiser parent Anheuser-Busch InBev.  ( 1 min )

Amazon (AMZN) said on Tuesday it will be hosting a second Prime Day-style event in October named "Prime Big Deal Days," in an effort to lure shoppers ahead of the holiday season.  ( 1 min )

Billionaire Charlie Ergen is combining Dish and EchoStar in an all-stock deal to create one big wireless network that could take on AT&T and Verizon.  ( 1 min )

Beyond Meat's revenue declined 30% in the second quarter as consumers pulled back on buying plant-based meat.  ( 1 min )

Seeking protection from creditors while continuing to operate, EV parts supplier Proterra filed for Chapter 11 bankruptcy. The company's stock fell more than 65% in pre-market trade on Tuesday.  ( 1 min )

The S&P 500 dipped 0.4% on Tuesday, Aug. 8, 2023, as bank stocks lost ground after Moody’s downgrades.  ( 1 min )

U.S. equities sank at midday on Tuesday, Aug. 8, 2023, following bank downgrades by Moody's and data showing credit card debt rose to a record.  ( 1 min )

ADRs of Novo Nordisk surged to an all-time high after a study found Novo Nordisk's Wegovy weight-loss drug also helped cut risk of major adverse cardiovascular events by 20%.  ( 1 min )

Ratings agency Moody's cut the credit ratings of several small and midsized banks late Monday and warned other big lenders, citing profitability challenges and funding risks.  ( 1 min )

Slowing revenue growth hasn't dented the profitability of America's biggest firms, as S&P 500 companies found alternative ways of boosting profits.  ( 1 min )

Moody’s cuts the ratings for several banks while warning of downgrading others and UPS lowers its revenue and margins forecast following its new labor contract. Here’s what investors need to know today.  ( 1 min )

In de afgelopen twintig jaar zijn steeds meer mensen gaan werken in ons land. Momenteel zijn er meer werkenden dan mensen zonder baan. In het tweede kwartaal waren er 120 mensen met betaald werk op 100 mensen die niet werkten.  ( 4 min )

Het aantal vluchten in Europa is in juli bijna weer op het niveau van voor de coronapandemie gekomen, meldt de Europese luchtverkeersleidingsdienst EUROCONTROL. Wel zorgde het extreme weer voor veel vertraging.  ( 3 min )

Elf van de twaalf reisaanbieders laten op hun website prijzen zien waarvoor de vakantie helemaal niet te boeken is. Dat blijkt uit een controle van toezichthouder ACM. Binnen acht weken moeten de reisaanbieders hun zaken op orde hebben, anders volgen boetes.  ( 4 min )

De Italiaanse regering gaat zogenoemde overwinsten van banken extra belasten, omdat banken profiteren van de oplopende rente. De overheid denkt daarmee 2 miljard euro op te halen voor belastingverlagingen en steun aan starters op de woningmarkt.  ( 3 min )

Elf van de twaalf reisaanbieders laten op hun website prijzen zien waarvoor de vakantie helemaal niet te boeken is. Dat blijkt uit een controle van toezichthouder ACM. Binnen acht weken moeten de reisaanbieders hun zaken op orde hebben, anders volgen boetes.  ( 4 min )

Om de beschikbaarheid van flexwoningen te stimuleren, kocht de overheid er alvast tweeduizend. Nu blijkt dat er ondanks een nijpend woningtekort nog steeds negentienhonderd in de opslag staan.  ( 4 min )

Op NU.nl vind je elke dag een stelling die bij het nieuws past. Lang niet alles waar statiegeld op zit wordt ingeleverd, bleek maandag. Lever jij je blikjes in, of gooi je ze nog steeds in de prullenbak? Is 15 cent statiegeld de moeite waard? Breng je stem uit en discussieer mee.  ( 3 min )

Doordat de voetbalsters hun WK-wedstrijden midden in de nacht spelen, komen Oranjegetinte reclames en acties vanuit winkeliers nog niet van de grond. De verwachting is dat de Oranjekoorts stijgt als Nederland vrijdag in de kwartfinale ook van Spanje wint.  ( 4 min )

De Chinese export is in juli voor de derde maand op rij afgenomen. Het land voerde vorige maand 14,5 procent minder uit dan een jaar eerder, de grootste daling sinds het begin van de coronapandemie.  ( 3 min )

Prijzen voor energie zijn in een jaar tijd met meer dan 34 procent gedaald. Desondanks blijft de inflatie met 4,6 procent in juli best hoog. Belangrijkste oorzaak is dat boodschappen nog steeds fors duurder zijn dan vorig jaar.  ( 4 min )

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We’re in the midst of a major economic transition, one that may eventually match the changes of the Industrial Revolution. The change, of course, is the advent of the green economy, and the switch from fossil fuel energy sources to renewable energy. While wind and solar power are soaking up the headlines, a more plausible long-term green power source is already near at hand: hydrogen. Hydrogen, the most common element in the universe, is all around us – highly reactive and non-polluting. When us  ( 35 min )

Lucid reported a second-quarter per-share loss of 40 cents from sales of about $151 million. Wall Street was looking for a per-share loss of 34 cents from sales of $182 million.  ( 26 min )

(Bloomberg) -- Proterra Inc., which makes heavy-duty electric vehicle components like chargers and batteries, filed for bankruptcy on Monday. Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatPayPal Launches a Stablecoin in Latest Crypto Payments PushUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarHSBC Executive Slams ‘Weak’ UK for Backing US Against ChinaThe Burlingame, California-based com  ( 31 min )

Here's why Apple's stock buybacks are good news for Berkshire Hathaway's Warren Buffett.  ( 33 min )

Nothing warms an investor's heart more than seeing companies in their portfolio with consistently increasing earnings that also beat the analysts' expectations. With dozens of second-quarter real estate investment trust (REIT) earning reports coming out this week, take a look at three REITs with dividend yields above 6% that just beat Wall Street's second-quarter estimates for earnings and revenue. EPR Properties (NYSE:EPR) is a Kansas City, Missouri-based diversified experiential REIT that owns  ( 33 min )

“The gravity of a challenging smartphone market particularly in developed regions that should continue…is a headwind for the stock,” UBS analyst David Vogt said.  ( 33 min )

RingCentral posted solid second-quarter results that edged Wall Street estimates, but the cloud-based telecom provider left its full-year view mostly intact.  ( 26 min )

Today's top three nationwide CD rates are 5.75% APY from Andrews Federal Credit Union, 5.60% APY from Northern Bank Direct, and 5.55% APY from Sallie Mae Bank.  ( 20 min )

The Bud Light owner is selling eight beer and beverage brands for an undisclosed amount to the cannabis company.  ( 26 min )

Things couldn't be going much better for the drugmaker. The stock is up about 50% over the past 12 months and nearly 25% so far this year.  ( 26 min )

Tyson Foods CEO called the closures an "efficiency play short-term." Here's what happens to employees who work there and more.  ( 32 min )

For all those who are not Tesla Inc (NASDAQ: TSLA) or one of the biggest Chinese EV makers, the EV venture is wildly risky ride that makes profitability seem like mission impossible sometimes. Although Kelley Blue Book reported that EV sales skyrocketed 65% last year while automotive sales contracted 8%, the EV adoption is everything but fast as it entails hefty costs. For manufacturers, Tesla made it even harder by starting a price war at the beginning of the year, one that not many are able to  ( 34 min )

Tesla surprised the Street with news of the departure of its longtime CFO.  ( 33 min )

(Bloomberg) -- When China abandoned pandemic restrictions after three years of stringent controls, Nie Xingquan was expecting booming sales for his hand-made leather shoes. Instead, demand has been so poor that he’s had to cut prices 3% from a year ago and reduce his profits.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatPayPal Launches a Stablecoin in Latest Crypto Payments PushUkraine Black Sea Dro  ( 33 min )

Wall Street is looking for a 3-cent per share loss from sales of $1.3 billion. A year ago, Li reported a 2-cent loss from $780 million in sales.  ( 26 min )

Plant-based meat maker Beyond Meat said its revenue plunged 30.5% in the second quarter as consumer demand for its burgers, sausages and other products fell despite price cuts. The El Segundo, California-based company lowered its full-year revenue forecast as a result. International revenue was down 8.7%.  ( 30 min )

The tech titan has had three consecutive quarters of declining sales for the first time since 2016. The stock was the Dow's worst performer on Monday.  ( 27 min )

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Luxury electric vehicle maker Lucid reported second quarter financials results that the missed the mark, though the automaker reiterated it would hit its annual production target and confirmed the upcoming Gravity SUV would be revealed later this year.  ( 32 min )

The repurchase program is the data-analytics software company's first since the stock began trading in 2020.  ( 27 min )

Palantir Technologies raised its annual revenue forecast on Monday and said it would buy back shares worth up to $1 billion as the data analytics software maker enjoys "unprecedented demand" for its artificial intelligence platform. In a letter to shareholders, CEO Alexander Karp said the platform has users across over 100 organizations, including from automotive and healthcare industries, and that Palantir was in talks with more than 300 additional companies. Investors expect Palantir to have an edge over others in working with large language models in heavily regulated industries such as defense due to its work with U.S. government bodies including the Central Intelligence Agency.  ( 31 min )

Paramount Global reported second-quarter earnings after the bell on Monday. Here's what to know.  ( 33 min )

Stocks recovered on Monday as earnings season starts to wind down and investors brace for an inflation reading crucial to the Federal Reserve decision-making.  ( 32 min )

Palantir Technologies raised its annual revenue forecast on Monday and said it would buy back shares worth up to $1 billion as the data analytics software maker enjoys "unprecedented demand" for its artificial intelligence platform. In a letter to shareholders, CEO Alexander Karp said the platform has users across over 100 organizations, including from automotive and healthcare industries, and that Palantir was in talks with more than 300 additional companies. Investors expect Palantir to have an edge over others in working with large language models in heavily regulated industries such as defense due to its work with U.S. government bodies including the Central Intelligence Agency.  ( 31 min )

The quarterly earnings report from Berkshire Hathaway was the first with a full set of financial numbers from Pilot. The post 1st peek at Pilot’s finances after Berkshire Hathaway ownership grows appeared first on FreightWaves.  ( 31 min )

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The tech titan has had three consecutive quarters of declining sales for the first time since 2016. The stock was the Dow's worst performer on Monday.  ( 27 min )

After driving a 2023 stock rally, AI isn't moving stocks during second quarter earnings.  ( 33 min )

The ghost kitchen company that runs MrBeast Burger has countersued Jimmy Donaldson, aka YouTube megastar MrBeast. Virtual Dining Concepts alleges that Donaldson and his company have "materially damaged the reputation of MrBeast Burger and VDC." It's seeking over $100 million in damages.  ( 30 min )

Campbell Soup wants its grocery business to be taken more seriously by investors.  ( 32 min )

With elevated interest rates, securing a mortgage to buy a house can be challenging. But what could be more surprising is how the numbers actually work once you start making mortgage payments. "New mortgage math is brutal," Austen Allred, co-founder and CEO of online coding bootcamp Bloom Institute of Technology, wrote in a recent tweet. Allred explained that if you purchase a $1 million house with a $200,000 down payment and get an $800,000 mortgage at a 7% interest rate, in the first three yea  ( 32 min )

Luxury electric vehicle maker Lucid slashed prices of its sole product, the Air sedan, ahead of an important earnings release today after the bell.  ( 32 min )

(Bloomberg) -- A beaten down micro-cap biotech company, Vistagen Therapeutics Inc., is having its best day ever, surging north of four digits after its experimental nasal spray for social anxiety disorder hit targets in a late-stage trial.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatPayPal Launches a Stablecoin in Latest Crypto Payments PushUkraine Black Sea Drone Attacks Signal Rapidly Expanding W  ( 31 min )

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Shares of Tesla are down in afternoon trading after Elon Musk's electric-vehicle company said its chief financial officer stepped down. Zachary Kirkhorn stepped down after a 13-year tenure with the company, Tesla s  ( 21 min )

The share of U.S. consumers who believe it is a bad time to buy a home reached the highest level in at least 13 years in July, according to a survey released on Monday, as the supply of available properties remains scarce and home prices appear to have stopped cooling. The portion of U.S. consumers saying now is a "bad time to buy" a new home increased by 4 percentage points in July to 82%, according to a report released Monday by Fannie Mae, the highest level since the mortgage finance giant began conducting the survey in 2010. Consumers' outlook also appears to have taken a hit, with a net 17% of respondents expecting price increases in the next 12 months, the highest percentage in over a year.  ( 31 min )

Forever is a long time to forecast  ( 5 min )

Shares of the chip company Intel have gained about 35% so far this year as they gain ground lost in last year’s rout. The CEO just bought $250,000 of stock.  ( 26 min )

Tesla’s 39-year-old chief financial officer has left the company with a $170m (£130m) fortune after just four years in the post.  ( 31 min )

Viatris CEO Scott A. Smith said that the company will be announcing at least one and perhaps others of its planned $9 billion in divestitures.  ( 10 min )

(Bloomberg) -- The fortune of Vietnam’s wealthiest man is poised to soar by as much as $11 billion, vaulting him to the upper ranks of the world’s richest people — for a while, at least.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarHSBC Executive Slams ‘Weak’ UK for Backing US Against ChinaPayPal Launches a Stablecoin in Latest Crypto Payme  ( 33 min )

MS equity strategist Michael J Wilson noted that massive fiscal stimulus, prompted by the COVID-19 pandemic since its outbreak in 2020, allowed the U.S. economy to grow faster than forecast. This resilience in the face of rapid interest rate hike by the U.S. Federal Reserve has seen some Wall Street strategists chalking in a continued rally for some U.S. stocks. While aggressive fiscal spending could continue, given the debt ceiling has been raised, fiscal policy has limits as deficits would widen - one of the reasons for Fitch's downgrade.  ( 31 min )

The company said boosting dividends was part of a “sustainable and progressive” approach to investor payouts.  ( 31 min )

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Shares of Apple continued to slide in Monday trading, falling another 1.9%. It was on track to be the worst performer in the Dow Jones Industrial Average. If the drop holds, it would be Apple's fifth-straight session of declines, according to Dow Jones Market Data. It's down 9.1% in the past five s  ( 11 min )

That's how much market value Apple has lost over the course of a recent losing streak for its stock, according to Dow Jones Market Data as of Monday morning. Shares of Apple are falling Monday for a fifth consecutive trading session. The sell off intensified after Apple [reported earnings](https://  ( 21 min )

Mortgage rates showed a notable drop across almost every loan type, with the 30-year average reversing course after rising last week to its highest point in almost four weeks.  ( 21 min )

Investors are constantly looking for different ways to beat the market and there are several routes to follow in that pursuit. One common strategy is to keep track of the insiders’ moves. By insiders, we mean the corporate officers responsible for their own companies’ performance, who also naturally know the inner workings of the firms they work for better than anyone else. When they are seen picking up shares of company stock – by law they are required to make the transactions public – it sends  ( 34 min )

Zachary Kirkhorn, who some watchers of the EV company have said could take on an expanded role if CEO Elon Musk wanted to do less, is stepping down.  ( 26 min )

Sage Therapeutics says it is 'evaluating resource allocation, including pipeline prioritization and a workforce reorganization with a goal of extending our cash runway.'  ( 27 min )

PayPal would represent a blue-chip alternative to the largest stablecoin issuer, Tether, which could make $6 billion in profit this year.  ( 26 min )

Swings in stocks and bonds have boosted the metal’s popularity with ordinary investors.  ( 26 min )

American Airlines downgraded, United upgraded: Wall Street's top analys  ( 33 min )

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The EV maker appointed Vaibhav Taneja as chief financial officer, succeeding Kirkhorn.  ( 25 min )

Guggenheim analysts downgraded Cloudflare while Wedbush pulled Palo Alto Networks from its best ideas list as worries spread about cybersecurity spending.  ( 27 min )

(Bloomberg) -- Tyson Foods Inc. will shut down four additional chicken facilities after fiscal third-quarter sales trailed even the lowest of analyst estimates. Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarHSBC Executive Slams ‘Weak’ UK for Backing US Against ChinaNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampProduction f  ( 32 min )

Stocks were setting up to recover from a recent bumpy patch early Monday, as earnings season starts to wind down and investors brace for an inflation reading crucial to Federal Reserve decision making.  ( 31 min )

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Tyson Foods Inc. is closing four chicken processing plants as it looks to lower costs. The company said Monday that the plants being closed are located in North Little Rock, Arkansas; Corydon, Indiana; Dexter, Missouri and Noel, Missouri. Tyson said that it will shift production to other facilities and halt operations at the four plants in the first two quarters of fiscal 2024.  ( 31 min )

Tesla said on Monday that Zachary Kirkhorn stepped down as its chief financial officer and named Vaibhav Taneja as its new finance chief. Taneja takes on the CFO role in addition to his role as chief accounting officer, the automaker said. Kirkhorn, who stepped down from his role on Friday, will remain with Tesla through the end of the year.  ( 30 min )

Kevin O'Leary, the entrepreneur and "Shark Tank" television star, expressed concern over a "crisis emerging" in the United States during a recent interview on Fox Business. O'Leary, who works closely with small and mid-sized businesses, said he doesn't see optimism increasing in the economy as some may suggest. Despite reports of optimism in the data, O'Leary's interactions with businesses across various states reveal a different reality — entrepreneurs are far from content with the prevailing e  ( 32 min )

Campbell said the deal for Sovos Brands is expected to close in December.  ( 26 min )

Nikola stock has been all over the place. The trend, despite all the volatility, is up. Shares have been boosted by demand for the company's hydrogen fuel cell-powered trucks.  ( 27 min )

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Tracy Britt Cool likened her approach in reaching out to businesses to applying for college scholarships, saying it takes energy and discipline.  ( 31 min )

Sales drop by more than expected in the second quarter, but BioNTech says its new 'variant-adapted Covid-19 vaccine' is still on track.  ( 27 min )

U.S. inflation data due this week could provide fresh catalysts to crypto markets that are in a bit of a slump.  ( 26 min )

The company is closing more meat-processing plants as it continues to try to fix its chicken business, while challenges persist across its beef and pork operations.  ( 25 min )

The maker of Ball Park hot dogs and other foods closed four chicken facilities to cut costs, recording an impairment charge.  ( 26 min )

Three years into the return-to-office battle and it’s becoming apparent that its staunchest supports are losing ground.  ( 32 min )

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(Bloomberg) -- Federal Reserve Bank of New York President John Williams sees the need to keep US monetary policy restrictive for some time and said interest-rate cuts may be warranted next year if inflation slows. Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarHSBC Executive Slams ‘Weak’ UK for Backing US Against ChinaNetanyahu Seeks to Chan  ( 30 min )

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In highly polarized times, no matter the cultural or political issue, broadly, 45% support you, 45% are against you, and about 10% are undecided.  ( 34 min )

Tyson Foods said on Monday it is closing four more U.S. chicken plants in its latest effort to cut costs. The meat company has grappled with declining profits and struggled to improve results in its chicken business. Tyson said it would move the work performed in the plants to newer facilities that are closer to its customers, but declined to say how many employees were affected.  ( 31 min )

American consumers have been turning more cautious and pulling back on their meat purchases as higher rent and interest rates squeeze household budgets, hurting sales at multinational meat packers such as Tyson and Hormel Foods. The U.S. meat packer, which had bumped up meat prices last year, reported a 3% drop in quarterly net sales to $13.14 billion, below analysts' expectations of $13.59 billion, based on Refinitiv data. The biggest U.S. meat company by sales, Tyson has also seen its margins come under pressure as declining U.S. cattle herds force it to pay more for livestock, while a lingering drought has pushed animal feeding expenses further up.  ( 31 min )

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Campbell Soup stirs up its sauce portfolio with Sovos deal.  ( 31 min )

Block stock tumbled into the end of the week, but analysts are turning more upbeat given the fintech group's guidance and position among peers.  ( 26 min )

(Bloomberg) -- Nvidia Corp. has soared more than 200% this year, and if that’s used as a proxy for the bubble in artificial intelligence stocks, Morgan Stanley reckons the peak in the bull-run is near.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatShort Seller Hindenburg Nabs Tiny Gains Off $173 Billion CarnageUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarNetanyahu Seeks to Change How J  ( 31 min )

Fortinet stock fell 25% on Friday after it warned of deals being delayed. Guggenheim's Raymond McDonough says it's time to buy the dip.  ( 26 min )

Surging U.S. corporate bankruptcies surpass the total for all of 2022 as filings reach pace on par with pandemic, global financial crisis years.  ( 19 min )

“It requires the discipline and the time and the energy to do it. And to invest in that.”  ( 31 min )

Sales drop by more than expected in the second quarter, but BioNTech says its new 'variant-adapted Covid-19 vaccine' is still on track.  ( 27 min )

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(Bloomberg) -- Palantir Technologies Inc. faces a fresh test of whether it can justify the artificial intelligence hype when it reports earnings later on Monday. Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatShort Seller Hindenburg Nabs Tiny Gains Off $173 Billion CarnageUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampThe da  ( 33 min )

Wall Street's main indexes ended the week lower on Friday with some investors taking profits after months of gains due to economic data, mixed earnings and rising Treasury yields. U.S. stocks have sharply rallied in 2023, with the benchmark S&P 500 clocking 16.6% gains year to date, fueled by optimism around artificial intelligence and hopes of a soft landing for the world's largest economy. Both Bank of America and JPMorgan last week ditched their forecasts for a U.S. recession.  ( 31 min )

Stocks were setting up to recover from a recent bumpy patch early Monday, as earnings season starts to wind down and investors brace for an inflation reading crucial to Federal Reserve decision making.  ( 31 min )

There is at least one problem with the stock market's rally.  ( 32 min )

(Bloomberg) -- Banks seeking to sell commercial-property loans are encountering a dried-up market with few options for an easy exit.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatShort Seller Hindenburg Nabs Tiny Gains Off $173 Billion CarnageUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampLenders including Goldman Sachs Grou  ( 35 min )

Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.  ( 9 min )

(Bloomberg) -- Oil held gains after Ukraine attacked another Russian vessel over the weekend, putting at risk significant flows of the nation’s commodities from the Black Sea such as crude and grains.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarShort Seller Hindenburg Nabs Tiny Gains Off $173 Billion CarnageDeSantis Camp Hit by Gloom a  ( 32 min )

Apartment buildings rose in value for years, but surging interest rates loom over the sector’s property owners now.  ( 26 min )

(Bloomberg) -- A fresh fiscal showdown is brewing in Washington that threatens to complicate the Federal Reserve’s policy making and strengthen Fitch Ratings’ warning that self-inflicted wounds are tarnishing America’s standing in the global economy.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatShort Seller Hindenburg Nabs Tiny Gains Off $173 Billion CarnageUkraine Black Sea Drone Attacks Signal Rap  ( 32 min )

Since China opened to foreign investment in 1978 under Deng Xiaoping, global firms have ploughed in hundreds of billions of dollars to buy and build factories for market access and cheap labour, bolstering the Chinese currency. A gentle downtrend in foreign direct investment gave way to a steep drop last quarter and inflows to China slammed to their lowest since records began 25 years ago, raising the prospect that the long-term trend is turning. Corporate leaders and their advisers say a shift is under way and the political concerns behind investment decisions are long term, which leaves the yuan facing pressure from what was long one of its staunchest supports.  ( 32 min )

U.S. inflation data due this week could provide fresh catalysts to crypto markets that are in a bit of a slump.  ( 26 min )

The 99-year-old company filed for Chapter 11 bankruptcy protection Sunday and said it will seek court authorization to make payments such as employees wages, salaries and benefits.  ( 26 min )

Trucking company Yellow Corp. has declared bankruptcy after years of financial struggles and growing debt, marking a significant shift for the U.S. transportation industry and shippers nationwide. The Chapter 11 bankruptcy, which was filed Sunday, comes just three years after Yellow received $700 million in pandemic-era loans from the federal government. Former Yellow customers and shippers will face higher prices as they take their business to competitors, including FedEx or ABF Freight, experts say — noting Yellow historically offered the cheapest price points in the industry.  ( 31 min )

↗️ Berkshire Hathaway (BRK.B, BRK.A): Warren Buffett’s conglomerate swung to a second-quarter profit of  ( 21 min )

Investor morale in the euro zone unexpectedly rose in August, ending three consecutive months of decline as inflation has lost some of its explosive power, but there are no signs of a lasting turnaround in sentiment, a survey showed on Monday. Sentix's index for the euro zone rose to -18.9 points in August from -22.5 in July, beating expectations of analysts polled by Reuters of a further drop, to a reading of -24.3. Germany in particular has become "the sick man" of the euro zone and is weighing heavily on the region, said Sentix managing director Patrick Hussy, with investor morale in Europe's largest economy falling to its lowest level since October 2022.  ( 30 min )

Warren Buffett's Berkshire Hathaway reports second-quarter after-tax operating earnings of $10 billion, a quarterly record, trucking company Yellow files for bankruptcy, and Lucid slashes prices ahead of Monday's earnings report. Palantir also reports Monday, while UPS, Eli Lilly, and Walt Disney are scheduled to issue earnings later this week.  ( 27 min )

(Bloomberg) -- China raised its gold reserves for a ninth straight month in July as central bank purchases continue to underpin prices of the precious metal.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatMusk Says He May Need Surgery, Will Get MRI on Back and NeckShort Seller Hindenburg Nabs Tiny Gains Off $173 Billion CarnageUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampBullion hel  ( 30 min )

(Bloomberg) -- Warning bells are ringing for US stocks from signs that high fiscal spending, which underpinned economic growth this year, is unsustainable, according to Morgan Stanley’s Michael Wilson.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatMusk Says He May Need Surgery, Will Get MRI on Back and NeckShort Seller Hindenburg Nabs Tiny Gains Off $173 Billion CarnageUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarNetanyahu Seeks to Change How J  ( 32 min )

(Bloomberg) -- Investors in emerging markets are shifting to stocks from bonds as they prepare for the world after monetary tightening.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatMusk Says He May Need Surgery, Will Get MRI on Back and NeckShort Seller Hindenburg Nabs Tiny Gains Off $173 Billion CarnageUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampThere are early signs of a rotati  ( 32 min )

Saudi Arabia's state-run oil giant Aramcobrought in $30 billion in revenues in the second quarter, a nearly 40% decline from the same period the previous year, which it attributed to lower crude oil prices. Aramco is one of the biggest companies in the world, and Saudi Arabia is looking to oil revenues to fund ambitious plans to overhaul its economy.  ( 29 min )

(Bloomberg) -- China’s local government financing vehicles are showing more signs of stress, with a record number of them missing payments for a popular type of short-term debt last month. Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampDeSantis Camp Hit by Gloom as Aides Worry Race Is Slipping AwayUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarUS Lab Behind Fusion Breakthrough Reache  ( 30 min )

Saudi Arabian state oil giant Aramco on Monday reported a near 38% drop in second-quarter net profit reflecting lower oil prices and thinner margins in refining and chemicals. Aramco's net profit fell to 112.81 billion riyals ($30.07 billion) for the quarter to June 30 from 181.64 billion a year earlier, the company said in a bourse filing, but topped the $29.8 billion expected by 15 analysts in an Aramco-provided poll. ($1 = 3.7513 riyals)  ( 29 min )

German industrial production dropped more strongly than forecast in June, according to data released on Monday, underlining the challenges faced by manufacturing amid a downturn in Europe's largest economy. "The minus in June provides a taster for the poor production figures that are on the horizon for the coming months," said Commerzbank chief economist Joerg Kraemer. The Germany's manufacturing sector has already had a difficult year so far due to dwindling orders, sluggish output and high prices, with the HCOB final Purchasing Managers' Index (PMI) for manufacturing falling for a sixth consecutive month in July.  ( 30 min )

China's state planner hinted of stimulus over three press conferences convened last week, but investors were underwhelmed by proposals to expand consumption in the automobile, real estate and services sectors as well as extend loan support tools for small and medium-sized enterprises until the end of 2024. As many of China's major markets grapple with higher borrowing costs amid a battle to bring down soaring inflation, authorities in Beijing are walking a tight rope in trying to boost domestic consumption without easing monetary policy too much lest it triggers large capital outflows. But South Korean exports to China, a leading indicator for imports to the Asian giant dropped 25.1% in July from a year earlier, the sharpest in three months.  ( 30 min )

Thailand is benefiting from India's rice export ban and has no reason to halt shipments of the grain itself, its commerce minister said on Monday. The government would ensure sufficient rice output for both domestic consumption and exports, and also make sure domestic prices are not too high, minister Jurin Laksanawisit told a press briefing. In the first seven months, Thailand shipped 4.8 million metric tons, he said, adding monthly exports stood at 700,000 to 800,000 metric tons.  ( 30 min )

Around 80% of Hong Kong-based investment banking staff at Credit Suisse will be laid off and the cuts will start from this week, two people with knowledge of the matter said, as part of the bank's integration with UBS Group. Only about 20 bankers will likely be spared the cuts that will impact Credit Suisse's 100-people strong investment banking team based in the territory, the people said, declining to be identified as the discussions on the matter were private. Hong Kong makes up Credit Suisse's biggest share of investment bankers in Asia.  ( 31 min )

(Bloomberg) -- After India banned some rice exports to control domestic prices, traders are worried another food staple could be vulnerable: sugar.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarDeSantis Camp Hit by Gloom as Aides Worry Race Is Slipping AwayShort Seller Hindenburg Nabs Tiny Gains Off $173 Billion CarnageThe world has beco  ( 32 min )

When the chip designer Arm shortly sells shares in this year’s most closely watched initial public offering (IPO), it will represent for many the final Americanisation of a great British company.  ( 35 min )

(Bloomberg) -- Hedge funds ramped up their bearish Treasuries bets to a record last week just as yields surged toward multi-month highs, while more traditional investors were burnt having boosted wagers in the opposite direction with similar conviction.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampMusk Says He May Need Surgery, Will Get MRI on Back and NeckUkraine Black Sea Drone Attacks Signal  ( 31 min )

(Bloomberg) -- Yellow Corp. filed for bankruptcy after the trucking firm’s long-running financial woes were compounded by a dispute with its labor force. Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampDeSantis Camp Hit by Gloom as Aides Worry Race Is Slipping AwayUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarUS Lab Behind Fusion Breakthrough Reaches Ignition AgainThe carrier listed  ( 31 min )

The bankruptcy follows years of struggles as it tried to address the debt it accumulated through a series of mergers and a $700 million federal Covid-19 relief loan.  ( 28 min )

(Bloomberg) -- The euro zone’s custodians have set a course for the biggest policy-inflicted blow since the currency was created.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarDeSantis Camp Hit by Gloom as Aides Worry Race Is Slipping AwayShort Seller Hindenburg Nabs Tiny Gains Off $173 Billion CarnageThe combination of higher interest r  ( 33 min )

Asian shares were trading mostly lower on Monday after U.S. employment data had Wall Street close out a losing week. Investors are also closely watching earnings reports due later this week, including from Disney in the U.S., Alibaba Group in China and Sony and SoftBank in Japan. Japan's benchmark Nikkei 225 recouped losses earlier in the day and was down less than 0.1% at 32,190.31 in morning trading.  ( 32 min )

(Bloomberg) -- Paytm founder Vijay Shekhar Sharma will acquire a 10.3% stake from China’s Ant Group Co., in an unusual transaction that won’t involve any cash payment or change in economic interest.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampDeSantis Camp Hit by Gloom as Aides Worry Race Is Slipping AwayUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarUS Lab Behind Fusion Breakthrou  ( 30 min )

U.S. trucking firm Yellow Corp filed for Chapter 11 bankruptcy protection on Sunday, burdened with a heavy debt load after a series of mergers and following tense contract negotiations with the Teamsters Union.  ( 29 min )

Japanese authorities are unlikely to intervene in foreign exchange markets to prop up the yen as the currency has already found some support and will head much higher as U.S. interest rates peak, former finance official Eisuke Sakakibara said. Sakakibara gained a reputation as a market mover in the 1990s after devising several currency interventions during his time as vice finance minister, earning him the nickname "Mr Yen". The yen is poised to reach 130 against the U.S. dollar by the year end as the U.S. Federal Reserve ends its aggressive monetary tightening and as Japan's economic outlook brightens, Sakakibara told Reuters on Friday.  ( 31 min )

Bitcoin traded flat on Monday morning in Asia to stay just above US$29,000 as the token’s volatility rating hit a record low. The NFT market recorded losses while, in the U.S., equities traders await more earnings reports.  ( 31 min )

(Reuters) -Gold prices were off three-week lows on Monday after slowing U.S. job growth knocked the dollar and bond yields from their recent highs, while investors braced for this week's inflation test that could influence the Federal Reserve's policy path. The U.S. dollar index fell and benchmark 10-year Treasury yields slid from November highs after the Labor Department's employment report on Friday showed the economy added fewer jobs than expected in July. Markets also took stock of the labor department data showing solid wage gains and a decline in the unemployment rate that suggests continued tightness in labor market conditions.  ( 31 min )

(Bloomberg) -- Most Asian shares fell Monday after a mixed US jobs report and a reversal of gains on Wall Street that saw the S&P 500 lose a near 1% gain.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampDan Loeb Surrendered But Meme Army Still Hits Bears for MillionsDeSantis Camp Hit by Gloom as Aides Worry Race Is Slipping AwayUkraine’s Black Sea Drone Attacks Signal a Rapidly Expanding WarBenchma  ( 32 min )

The dollar was on the back foot on Monday after a mixed U.S. jobs report provided little directional conviction and as market focus turned to inflation data from the world's two largest economies due this week. While the dollar fell to a one-week low against a basket of currencies in the aftermath of the data, its losses were capped as the report pointed to a still-tight labour market, suggesting the Federal Reserve may need to keep rates higher for longer. "There was a narrative in there for everyone, depending on your bias," said Pepperstone's Head of Research Chris Weston of the jobs report.  ( 31 min )

(Bloomberg Markets) -- Money managers are navigating an historic shift: India’s ­population, at 1.43 billion, edged past China’s this year.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampDan Loeb Surrendered But Meme Army Still Hits Bears for MillionsDeSantis Camp Hit by Gloom as Aides Worry Race Is Slipping AwayUkraine’s Black Sea Drone Attacks Signal a Rapidly Expanding WarNow the world’s most p  ( 33 min )

(Bloomberg) -- A clear majority of investors expect a US recession before 2024 is out, leading them to view the current bull market in stocks as ephemeral and to favor long-term US Treasuries.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampDan Loeb Surrendered But Meme Army Still Hits Bears for MillionsDeSantis Camp Hit by Gloom as Aides Worry Race Is Slipping AwayUkraine’s Black Sea Drone Attacks  ( 33 min )

Lawmakers said they were concerned over the $20 billion Adobe-Figma merger's effect on the market for the supply of interactive product design and digital asset creation tools.  ( 1 min )

Sage Therapeutic shares fell to an all-time low after the FDA rejected use of its treatment for major depressive disorder.  ( 1 min )

With $1.3 billion in debt and facing a standoff against labour union Teamsters, trucking company Yellow filed for bankruptcy.  ( 1 min )

Tesla's chief financial officer (CFO) Zach Kirkhorn had helped transform the automaker into a financial powerhouse since 2019. He has stepped down from his position effective Aug. 4.  ( 1 min )

Campbell Soup Company (CPB) has acquired Sovos Brands, Inc. (SOVO)—the parent company of brands such as Rao's pasta sauces, Noosa Yoghurt and Italian frozen food Michael Angelo's—for $2.7 billion  ( 1 min )

The S&P 500 snapped a four-day losing streak on Monday, Aug. 7, 2023, rising 0.9% after the latest round of earnings reports.  ( 1 min )

U.S. equities were mixed at midday on Monday, Aug. 7, 2023, after the latest earnings reports and ahead of key inflation data due later in the week.  ( 1 min )

Shares of Yellow dive after the trucking company filed for bankruptcy and Berkshire Hathaway reports a 6% increase in earnings after it boosted its investment income. Here’s what investors need to know today.  ( 1 min )

Already at a 16-year high, the top savings account rate has climbed again, to 5.25% APY offered by two banks. Another dozen offer yields above 5.00% APY.  ( 19 min )

Today's top three nationwide CD rates are 5.75% APY from Andrews Federal Credit Union, 5.60% APY from Northern Bank Direct, and 5.55% APY from Sallie Mae Bank.  ( 18 min )

According to Investopedia’s latest sentiment survey of our newsletter readers, more investors are expecting higher returns for the U.S. stock market over the next six months, and fewer are expecting losses. Fewer investors are making “safer” choices with their investments and leaning more into stocks.  ( 17 min )

A guide to the third round of PPP funding under the Consolidated Appropriations Act, 2021, and how it differed from the first two rounds.  ( 30 min )

A housing unit is a single residential unit in a larger structure that is occupied or intended as a separate living quarter.  ( 18 min )

The S&P 500 snapped a four-day losing streak on Monday, Aug. 7, 2023, rising 0.9% after the latest round of earnings reports.  ( 17 min )

Robo-advisors come in all shapes and sizes. Learn some of the pros and cons of automated financial advisory services.  ( 26 min )

In real estate, a party wall is a shared wall that separates housing or business units, such as apartments or office spaces. Party wall agreements govern how the wall is shared.  ( 21 min )

Following last week’s downward turn, the Dow Jones Industrial Average bounced back, rising 407 points, or 1.2%, as investors readied for new inflation data to close out the week.  ( 17 min )

For the first time in more than two years, credit card debt is falling, as banks make it more difficult for consumers to put purchases on plastic.  ( 17 min )

CDs can be a great tool for a temporary conservative investment, but rates vary widely. Citibank has a variety of CD options, some with competitive rates.  ( 20 min )

If you’re a homebuyer who’s been waiting for prices to come down, you may be waiting for a long time yet, as home prices hit an all-time high in June and could continue climbing in coming months.  ( 17 min )

A robo-advisor provides low-cost investment services over the internet. Is using a robo-advisor a good idea? We answer that here.  ( 26 min )

Citizens Bank offers a 14-month certificate of deposit (CD) account with a decent APY. Learn more about its features and how to open a new account.  ( 19 min )

Lawmakers said they were concerned over the $20 billion Adobe-Figma merger's effect on the market for the supply of interactive product design and digital asset creation tools.  ( 16 min )

First Republic Bank’s CD rates are relatively high, but they have a high minimum balance requirement as well. Learn more and see if First Republic is right for you.  ( 20 min )

Sage Therapeutic shares fell to an all-time low after the FDA rejected use of its treatment for major depressive disorder.  ( 18 min )

Viatris shares advanced after the drugmaker posted better-than-expected results, said it will announce one or more divestitures this quarter, and indicated the FDA agreed to consider approval of its new multiple sclerosis treatment produced with Israel’s Mapi Pharma.  ( 17 min )

From economics to statistical analysis, certain bachelor's degrees make graduates more qualified for landing highly sought hedge fund jobs.  ( 23 min )

Despite data pointing to an economy approaching a soft landing, inflation rates are still above the Federal Reserve's target of 2%.  ( 18 min )

Personal loan rates fell sharply this week to 20.65%, dropping 21 basis points since last week when the average personal loan rate sat at 20.86%.  ( 18 min )

Despite their technological sophistication, there are limitations to what robo-advisors can do.  ( 22 min )

While many COVID relief measures have expired, some remain in place.  ( 41 min )

CDs can be helpful for consumers looking to put their money to work. We reviewed TIAA Bank’s CD rates so you can see if TIAA makes sense for your finances.  ( 20 min )